What is CCS?
How does CCS work?
Carbon capture and storage (CCS) is a combination of technologies designed to prevent the release of carbon dioxide (CO₂) generated through conventional power generation and industrial production processes by injecting the CO₂ into suitable underground storage reservoirs.
Adoption of frontier CCS technologies is important to further contribute to CO2 reduction and it is a key to complete Net Zero policy.
Even as nations diversify their energy portfolios, fossil fuels are expected to meet a majority of the world’s energy demand for several decades. Accelerating the deployment of carbon capture technology is essential to reduce emissions from these power plants, and from industrial plants like cement and steel manufacturing.
The cost of emitting CO₂ is only set to increase, driven primarily by increasing national and regional pricing initiatives.