Global CCS Institute – Collaborating for a Net-Zero Future, Oct 2024

The Global CCS Institute's October 2024 report, "Collaborating for a Net-Zero Future," highlights significant progress in carbon capture and storage (CCS) technologies, emphasizing their role in achieving global net-zero emissions targets. The report notes that global CO₂ capture capacity is on track to double to over 100 million tonnes per year once facilities currently under construction commence operation. It underscores the importance of international collaboration and policy support in accelerating CCS deployment. The findings suggest that sustained and strengthened policy support continues to drive global CCS deployment, with multilateral initiatives and new legal frameworks playing crucial roles. The report also identifies potential tailwinds for CCS, including the need for reliable baseload power, demand for high-quality carbon credits, and increasing support from multilateral development banks.