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Centre stage for CCUS [Gas in Transition]

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Centre stage for CCUS [Gas in Transition]

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Natural Gas News
Centre stage for CCUS [Gas in Transition]

Summary

As COP 28 draws near, amidst increasing calls for countries to ban unabated fossil fuel use, global deployment of carbon capture, utilisation and storage (CCUS) technologies ramps up. [Gas in Transition, Volume 3, Issue 10] by: Dale Lunan

The International Energy Agency (IEA), in its World Energy Outlook 2023 (WEO 2023) published in mid-October, referenced the rapid growth in carbon capture, utilisation and storage (CCUS) projects around the world. In 2022, it said, global investments in CCUS reached a record $3bn, largely fueled by activity in North America, where US President Joe Biden’s Inflation Reduction Act (IRA) is offering more generous tax credits and new grant funding programmes – driving forces behind the announcement of more than 100 projects in the US alone. Globally, WEO 202...

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