Global investment in CCS surges toward $80 billion as climate goals drive demand

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🗞️ Driving the news: Global investment in carbon capture and storage (CCS) is expected to reach $80 billion by 2030, as countries and companies double down on hard-to-abate emissions in heavy industry and power generation
• New forecasts suggest global CCS capacity will grow fourfold to over 550 million tonnes of CO₂ per year — driven by supportive policies, technological progress, and cross-border cooperation

🔭 The context: CCS captures CO₂ from sources like cement and steel plants and stores it underground. Long seen as expensive and niche, CCS is gaining momentum thanks to initiatives such as the U.S. Inflation Reduction Act (offering up to $85/tonne in tax credits) and the EU Innovation Fund
• Major projects, like Occidental and ADNOC’s $500 million DAC plant in Texas, reflect this growing commitment
• Regions such as North America and Europe are set to lead deployment, with emerging markets like Japan and South Korea entering the space

🌍 Why it matters for the planet: CCS addresses emissions that electrification and renewables cannot easily eliminate
• Its role is critical in achieving net-zero goals and enabling net-negative solutions like BECCS
• However, its climate value hinges on strict oversight and avoiding counterproductive uses like enhanced oil recovery without emissions caps
• Scalable, verifiable CCS can support clean hydrogen, low-carbon fuels, and resilient industrial systems

⏭️ What's next: By 2030, global CCS deployment could capture up to 550 MtCO₂ annually, yet experts stress that over 1.3 billion tonnes per year will be needed by 2050
• Policy clarity, investment in infrastructure, carbon pricing integration, and rigorous monitoring are essential for scaling CCS responsibly
• Hybrid models like regional CCS hubs and digitally monitored storage sites are emerging to lower costs and enhance trust

💬 One quote: “CCS isn’t a complete solution. But it plays a key role by tackling emissions other technologies can’t remove,” notes DNV’s 2025 Energy Transition Outlook.

📈 One stat: The U.S. CCUS market alone represents a $196 billion investment opportunity over the next decade (Wood Mackenzie)

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