![]() ![]() Achieving net-zero goals will be virtually impossible without CCUSĪchieving deep emissions reductions in heavy industry (cement, steel and chemicals production) can be challenging for several reasons. One such example is the electrification of very high-temperature heat furnaces used for cement production and virgin steelmaking. Limiting the availability of CCUS would considerably increase the cost and complexity of the energy transition by increasing reliance on technologies that are currently more expensive and at earlier stages of development. CCUS can remove CO 2 from the atmosphere by combining it with bioenergy or direct air capture to balance emissions that are unavoidable or technically difficult to avoid.CCUS enables the production of low-carbon hydrogen from fossil fuels, a least-cost option in several regions around the world.CCUS can tackle emissions in sectors with limited other options, such as cement, steel and chemicals manufacturing, and in the production of synthetic fuels for long-distance transport.CCUS can be retrofitted to power and industrial plants that may otherwise still be emitting 8 billion tonnes of CO 2 in 2050 – around one-quarter of today’s annual energy-sector emissions.In its recently published report, the IEA identified four crucial ways in which CCUS can contribute to a successful clean energy transition: Energy efficiency and renewables are central pillars, but other technologies and strategies have a major role to play as well. IEA analysis consistently shows that a broad portfolio of technologies is needed to achieve deep emissions reductions, both practically and cost-effectively. The idea that CCUS is “high cost” ignores the bigger picture As we explain in this commentary, to dismiss the technology on cost grounds would be to ignore its unique strengths, its competitiveness in key sectors and its potential to enter the mainstream of low-carbon solutions. Commentators often cite CCUS as being too expensive and unable to compete with wind and solar electricity given their spectacular fall in costs over the last decade, while climate policies – including carbon pricing – are not yet strong enough to make CCUS economically attractive. Plans for more than 30 commercial CCUS facilities have been announced in recent years, and despite the Covid‑19 crisis, in 2020 governments and industry committed more than USD 4.5 billion to CCUS.Ī number of factors can explain the slow uptake of CCUS, but high cost is one of the most frequently heard. Despite the importance of CCUS for achieving clean energy transitions, deployment has been slow to take off – there are only around 20 commercial CCUS operations worldwide. It also includes policy recommendations that will incentivize the advancement of the CCS industry to ensure the successful infrastructure is in place to support the nation’s clean energy and decarbonization transition.Carbon capture, utilisation and storage (CCUS) technologies are critical for putting energy systems around the world on a sustainable path. The assessment lays out the key opportunities and long-term use applications of CCS technologies that could help produce between 390,000 and 1.8 million good-paying union jobs. Government in achieving its net-zero goals.ĬCS delivers deep emissions reductions in hard-to-decarbonize industrial sectors, such as steel, fertilizer, and cement can decarbonize existing infrastructure and assets in power and industrial sectors and helps the most carbon- and heat-intensive industries operate with little to no greenhouse gas emissions. ![]() The Carbon Capture, Transport, and Storage Supply Chain Deep Dive Assessment finds that developing carbon capture and storage (CCS)-a suite of interconnected technologies that can be used to achieve deep decarbonization-poses no significant supply chain risk and can support the U.S. ![]()
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