The authors of tis report argue it is impossible to economically meet Paris Climate Accord targets and minimize climate change without developing and using carbon capture and storage (CCS) technologies. Estimates of storage capacity are provided in order to demonstrate the practicality of using CCS to meet CO2 reduction targets. A history of international progress in the implementation of CCS technologies and supporting policies provides background for a discussion of national policies. Using the CCS Institute’s Policy Indicator, national priorities and policy environments are compared to assess which countries are most successfully incentivizing CCS growth: Norway, the UK, the United States, China, Canada, and Japan. The institute's Legal and Regulatory Indicator suggests countries with advanced CCS regulatory regimes (Australia, the United States, Canada, the UK, and Denmark) are advancing more slowly than in prior years. These claims are supported with national case study analyses.
Global Carbon Capture and Storage Institute, Ltd.