As CCUS projects become more developed globally, there will be more frequent requirements for long-distance and cross-border business dealings to connect players across the chain from carbon capture, transportation and storage. The success of these ventures depends on meticulous attention to local regulatory frameworks, adherence to international laws and innovation in business models, highlighting the imperative for collaborative efforts among stakeholders and governments to adeptly navigate the associated challenges. What sort of policies, financing, stakeholder engagement and economic solutions are required to realize the potential of CCUS in these situations?
In the drive to achieve a low-carbon economy, no sector is left untouched. Fields that were once disregarded have now become promising opportunities. Startups, with their novel ideas, innovative commercial models and urgency to rise to the challenge are well positioned to take the lead. What new technologies and strategies are being pursued? How has the landscape changed to support these solutions and how are developers managing risk as it continues to evolve? This panel will feature members of the 2024 class of CERAWeek Energy Innovation Pioneers.
The expected growth in new DAC and CCUS projects over the coming years could assist cost reduction through enabling efficient supply chains and standardizing designs and approval processes. However, challenges arising from supply bottlenecks as projects expand can also lead to inflation and delays. What are the forces driving costs for DAC and CCUS as they scale? Are there any breakthroughs in underlying technologies or manufacturing that have potential to truly reduce costs? What learning curves apply to process industries like DAC and CCUS and how might cost trajectories overall compare with renewables?
The multidimensional nature of the energy transition is reshaping the global energy system. The need to balance markets, climate and geopolitics is creating more complex systems—requiring greater flexibility and responsiveness in our ability to manage them. What innovations are emerging to meet these needs? What role will new entrants play in managing this complexity? How are financial and regulatory systems adapting to support this transformation? This panel will feature members of the 2024 class of CERAWeek Energy Innovation Pioneers.
Developing a large-scale CCUS value chain requires current commercial CO2 use cases to rapidly scale. Besides storge, companies are evaluating opportunities for putting carbon to use and creating value. What are some new innovations in use cases across chemical conversion, biological enhancement and mineralization applications.
In this session, S&P Global experts will discuss the highlights and key takeaways of the week.