CCS MYTHBUSTERS - DISPELLING MYTHS AROUND CARBON CAPTURE AND STORAGE (CCS) MYTH

FACT FACT FACT CCS technology has been in The capture, transport, and The cost of CCS is quickly use for more than 50 years, storage of CO2 is well regulated declining as the breadth of and around 300 million tonnes and empirically proven to be deployment increases and of CO2 have already been safe. [...] THE PROOF THE PROOF THE PROOF • There are currently 29 CCS • CO2 has been safely and reliably • CCS has seen rapid growth and facilities in operation around transported in the United States decreased costs in recent years the world, capturing and storing since 1972 with zero fatalities thanks to new business models, 40 million tonnes of CO2 per over its 50-year history.2 and increased government a. [...] CCS MYTHBUSTERS DISPELLING MYTHS AROUND CARBON CAPTURE AND STORAGE MYTH MYTH CCS only prolongs the life of fossil fuel industries There is not enough space to safely store all the and delays the world from reaching global climate CO2 captured by CCS projects. [...] THE PROOF THE PROOF • CCS is an essential tool that we can deploy today to • According to the 2021 CO2 Storage Resource reduce emissions from the global fossil fuel power Catalogue4, there are more than 14,000 gigatonnes fleet we already have. [...] rapidly reduces fossil fuel consumption and halts any additional development, the IPCC and the IEA both agree that CCS will still play an important role in reaching climate targets because it is the only option for decarbonising several non-energy sectors that are fundamental to modern society, such as cement, steel, chemical, and fertiliser production.