Net zero demands huge carbon-capture investment – IEA
Project pipeline implies only a quarter of capacity needed by 2030, IEA says
Investment in carbon-capture technology is growing, but the pipeline of proposed projects would need to quadruple to meet 2030 the levels set out in the IEA’s main net-zero emissions (NZE) scenario. The existing slate of projects, some of which will not materialise, implies capture capacity of c.0.3Gt/yr by 2030, way short of the 1.2Gt/yr set out in the NZE scenario. “Carbon-management technologies are an important strategic tool in strong mitigation scenarios but by no means a silver bullet,” the IEA said in mid-April in a report titled Credible Pathways to 1.5°C. “The scale of deployment required in the NZE scenario is huge, equivalent to ten new CCUS‐equipped facilities commissioned each

Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals