cover image: GLOBAL STATUS OF CCS 2023 - SCALING UP THROUGH 2030

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GLOBAL STATUS OF CCS 2023 - SCALING UP THROUGH 2030

23 Nov 2023

of public policy, from inclusion in a growing number demonstrate that whilst there are credible pathways For example: of countries’ Nationally Determined Contributions for scaling up CCS deployment to keep the world (NDCs) to the provision of targeted policy to on track for the goals of the Paris Agreement, this • In the EU, the Net-Zero Industry Act aims to have drive deployment and the drafting. [...] The GST is designed to lay in a G7 leaders document, acknowledging that As the world anticipates the operationalisation of the foundation for countries to update their the technology is an important part of the broad the new international carbon market under Article 6, national climate action plans known as Nationally portfolio of decarbonisation solutions to reduce the year saw contentious discus. [...] Consequently, project to ratify the 2009 amendment is an important step Permitting is now an acute issue noteworthy developments in the region over the proponents, policymakers and regulators have also in recognising both the significance of the agreement past year, the absence of CCS-specific legislation had to consider the legal implications of transporting and the role of CCS in the region. [...] Under CHIPS, the US Department primary enforcement authority (primacy) for Class The US is leading the global CCS landscape with of new carbon capture facilities and commercial of Energy (DOE) will carry out research for the VI wells under the Underground Injection Control the largest number of CCS facilities operating, carbon storage facilities, and $3.6 billion in sequestration of carbon in geol. [...] The tax incentives included in the IRA to deploy advance the deployment and enhance the safety States are also actively engaged in policy and CCS and direct air capture technologies complement of the entire CCS value chain while addressing regulatory actions in the US.
Pages
98
Published in
Australia