That’s according to the Global CCS Institute, which believes renewables alone will not meet international climate goals and CCS must be part of a “suite of clean technologies”.
It is calling for policy parity and rapid acceleration of CCS plants as it suggests CCS is the “only clean technology capable of decarbonising industry” – steel, chemicals, cement, pulp and paper and coal and gas-fired power generation.
It confirmed there are currently 17 large-scale CCS facilities operating globally, with four expected to come online next year.
They capture 37 million tonnes of carbon per year – equivalent to removing eight million cars from the road.
CEO Brad Page said: “In the past year, we have seen significant advances in the number of facilities being deployed and awareness of CCS as a pivotal climate change solution is the highest it has ever been.
“Two large-scale facilities came onstream in the United States, eight moved into various stages of development in China and in Europe, we have seen realisation that CCS is the only technology capable of decarbonising industry and creating a new energy economy – including hydrogen, bioenergy and 2°C re-use applications. However, the challenge still remains to ensure that CCS receives the same consideration and incentivisation as other clean technologies, particularly renewables.”