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Carbon Capture, Use and Storage (CCUS)

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Carbon Capture and Storage (CCS) continues to be an important part of the portfolio of clean energy solutions. It is a critical element of any least-cost approach to reducing greenhouse gas emissions and is the only technology that can achieve large cuts in emissions from fossil fuel usage. For CCS to be effectively deployed both globally and across sectors, significant domestic and international collaboration will be required. This collaboration is needed to accomplish the following:

  • Reduce the financial gap and risks associated with early-mover CCS projects
  • Identify appropriate funding mechanisms to support the demonstration of large-scale CCS projects in developing economies
  • Advance the development of legal and regulatory frameworks for CCS demonstration and deployment
  • Promote the impact that ratifying key international marine treaty amendments has on global CCS deployment
  • Support and encourage the development of best practice knowledge sharing from early-mover projects, in particular those with public funding
  • Review key gaps in storage data coverage, knowledge, and progress storage exploration and capacity assessment
  • Recognize the potential of CCS for industrial emission sources and review demonstration opportunities