Agora Studio: CCUS: Can it scale?
Energy Transition/Climate & Sustainability
CCUS is a critical tool for deep decarbonization of the global economy. With only 21 industrial-scale projects deployed in the world, the technology needs wider use to significantly assist climate change mandates. Improvements are needed to scale up and reduce CCUS costs—from policy reforms and financial incentives, infrastructure development, and technology R&D to cost reduction of capture, compression and transport, use, and storage, as well as stakeholder education to build confidence to deploy and operate it. What is the outlook for technological innovation to change the game on CCUS? Where should policy makers direct their efforts to accelerate scaling it up? Who are the other key players needed to ensure progress? What role should the oil and gas industry play?