Carbon Capture, Utilization And Storage – What Is The Big Deal?

Carbon capture, utilization and storage (CCUS) looks set to become one of the next major talking points in energy, as countries around the globe struggle to reduce carbon dioxide (CO2) emissions and fulfil commitments to reduce production of greenhouse gasses. The scale of the impact of national lockdowns and the global economic slowdown caused by COVID-19 has been clearly demonstrated by the significant drop in global carbon emissions over the course of 2020 (the International Energy Agency estimates that emissions declined by approximately 6 percent during 2020¹). With carbon emissions now rebounding sharply off the back of economic recovery, governments around the globe face the difficult task of attempting to continue the suppression of emissions without negatively impacting economic growth. CCUS can play a key role in achieving this objective.