Global Carbon Capture and Storage Projects Expand Worldwide
What happened
There are currently 132 commercial Carbon Capture and Storage (CCS) projects operating globally, with a capacity to remove 68 million tonnes of CO₂ annually. The United States has the largest share of active facilities, with 50 projects, followed by China (27) and Canada (12).
Why it matters
CCS is still in its early stages, having sequestered 400 million tonnes of CO₂ since 1996, compared to global CO₂ emissions that recently reached over 35,000 million tonnes per year. These projects are utilized across various industrial sectors, including power generation, natural gas processing, and fertilizer production.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- European CommissionSpeculative
The European Commission might adjust its regulatory and funding priorities for the energy sector due to global CCS leadership