Will Technology and Market Forces Drive a Surge in New CCS Projects?
The CSIS Energy & National Security Program is pleased to host the launch of the Global CCS Institute's annual 2017 Global Status of CCS.
The past year saw the successful startup of two new, large-scale carbon capture and storage (CCS) facilities, while others in Canada, China, and Australia moved closer to completion as they continue to grow. For CCS to play a major role in meeting the Paris Agreement's two-degree warming limit, adoption of CCS must accelerate in the next decade.
The 2017 Status of CCS highlights key determining factors for the role of CCS in meeting these climate targets. Innovative technologies, improving markets for CO2 utilization, and reducing industrial emissions with CCS are all positive trends, but government policies at the federal, state, and local levels—along with international cooperation—remain critical for the path forward.
