Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
UAE gets behind carbon markets
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
Letter on carbon: Direct action
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
Carbon markets primed for key role in net-zero push
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
EU’s CBAM transition phase will provide valuable insight
Training for regional customs authorities and detailed analysis of reporting accuracy will ensure effectiveness of final scheme
UK licence awards set stage for CO₂ storage push
Shell, Eni and independent operator Enquest dominate list of new licences as UK ramps up offshore storage push
Amazon backs Texas DAC project with ten-year offtake
Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County
Adnoc takes FID on Habshan CCUS project
Project is one of MENA region’s largest and will triple Emirati firm’s CO₂ storage capacity
How oil and gas companies can navigate the energy transition
Carbon Economist talks to Quorum’s Alexandra Gajewski about ESG strategies
US eyes funding to scale up CO₂ transport system
Buildout of infrastructure over next decade needed to keep pace with rapid growth of country’s CCS sector
Carbon capture has a key role to play
Carbon capture Decarbonisation Finance
Stuart Penson
21 April 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
UAE gets behind carbon markets
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
Taiwan joins Asian carbon trading push
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
Letter on carbon: Direct action
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search