CLIMATE CHANGE CARBON CAPTURE
CARBON CAPTURE AT A CROSSROADS: PIONEERING TECHNOLOGIES AND SCALING CHALLENGES
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Q&A with Professor Mohammad Abu Zahra , *! $ ' ./ ) !-$ Β '* ' )./$/0/
What are the most promising developments in carbon sequestration technology that have emerged recently, and how close are we to achieving large-scale deployment? CCS continues to show significant year-on-year momentum globally, driven by strong policy support. In the Global Status of CCS 2024, the Institute counted 628 projects across all stages of development, with a cumulative capture capacity of 416 Mtpa. There are now 50 operational CCS projects, with the capacity to capture and store 51 Mtpa of CO2. Global CO2 capture capacity is on track to double to over 100 million tonnes per year (Mtpa), once facilities currently under construction commence operation. Despite the positive outlook, the deployment rate of CCS will need to grow significantly to reach the required gigatonne scale to help meet global climate targets.
Despite consistent promises, commercial viability remains elusive for carbon sequestration technologies. What are the primary obstacles, and how are they being addressed? Carbon management technologies are, in fact, commercial and ready to deploy. While good policymaking has strengthened the financing prospects for CCS, over the last year we’ve seen progress in the sector partially impacted by cost inflation, rising interest rates, permitting challenges and political uncertainty. In the absence of a strong global carbon price, public support offered by governments is crucial to realising wide-spread deployment. What role do you see governments playing in accelerating the adoption of CCS technologies, particularly in terms of policy frameworks and financial incentives? Policy, legal, and regulatory interventions in jurisdictions around the world have strengthened
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THE FUTURE OF ENERGY
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