CCUS and Climate Change
Climate change is an urgent challenge facing humanity today, and the science is clear that we must use every tool at our disposal to avoid the worst of its impacts.
The world’s leading climate and energy bodies – the United Nations’ Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) – have outlined a clear and important role for CCUS in reaching net-zero emissions by 2050. Moreover, experts agree that CCUS will be particularly vital for hard-to-abate sectors like cement and steel production, where no other viable solutions currently exist, and for removing CO2 already in the atmosphere. Simply put, we are running out of time to reduce our global emissions, and it is becoming increasingly clear that any realistic path forward on climate action will include CCUS.
CCUS is already happening around the world. There are currently more than 40 operating facilities with a cumulative capture capacity of nearly 50 million tonnes per year, the equivalent of taking nearly 11 million cars off the road. There are now over 350 facilities across all stages of development and a range of sectors, but much more needs to be done.