AS WE ACCELERATE ON THE PATH TO NET ZERO, CARBON CAPTURE AND STORAGE IS VITAL TO REACHING OUR SHARED CLIMATE GOALS - DEEP DECARBONISATION OF INDUSTRY

GLOBAL STATUS REPORT 2021 POLICY FACT SHEET AS WE ACCELERATE ON THE PATH TO NET ZERO, CARBON CAPTURE AND STORAGE IS VITAL TO REACHING OUR SHARED CLIMATE GOALS Carbon capture and storage captures HOW CCS HELPS MITIGATE CLIMATE CHANGE CO2 emissions at the source and from the atmosphere, making it vital to climate mitigation efforts. [...] This could provide a range of benefits, including reducing the cost of building transport and storage infrastructure and potentially reducing permitting time. [...] The re-use of infrastructure could also defer the costs and the environmental impact of decommissioning, freeing-up resources that can be invested in other value generating activities. [...] 1 Define the role of CCS in meeting national emission reduction targets and communicate this to industry and the public. [...] 4 Develop specific CCS laws and regulations that include the transfer of liability to the government subject to acceptable performance and behaviour of the stored CO2.