With over 400 new carbon capture, utilisation and storage (CCUS) projects announced globally in the past three years in more than 45 countries, the IEA’s new toolkit sets out the policies that can turn developer ambitions into reality.
The report, CCUS Policies and Business Models – Building a Commercial Market, finds that new business models for CCUS are emerging, driven by new players entering the market. This is reshaping the framework for future CCUS projects and can open the door to investment opportunities. Still, many challenges remain on the path for CCUS to contribute to global efforts to reach net zero emissions at the level envisaged in the IEA’s Net Zero Roadmap.
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