Net Zero Means Harnessing the World’s Vast Capacity for CO2 Storage

  • Carbon capture, utilization and storage (CCUS) has been identified as one of the keystones to successfully transitioning to clean energy as it reduces emissions and also removes CO2 to stabilize emissions.
  • CO2 can be captured through technology-based approaches, from a variety of sources, however, it is a priority to permanently store it so that large-scale emission reductions are enabled.
  • In US, Europe and China, the International Energy Agency (IEA) has noted that 70% of emissions are produced within 100 kms of the potential area to store them. 
  • Governments and industry have the power to give impetus to the creation of sound legal and regulatory frameworks that identify, asses and support CO2 storage development, on the path towards achieving net-zero emissions.

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