Increased investment expected in 2024
CCUS: Five things to watch in 2024
Investment in CCUS will accelerate this year as developers weigh short-term cost pressures and regulatory risk against the technology’s long-term potential
Investment in CCUS is expected to gain momentum in 2024 as governments and companies hard wire the technology into their decarbonisation strategies. CCUS’ namecheck in the final agreed text at COP28 confirmed its status as an important decarbonisation tool in the push for net zero by 2050. The new consensus is that CCUS, and less mature technologies such as direct air capture (DAC), will be needed to tackle emissions in hard-to-abate sectors, where electrification and green fuels are difficult to deploy. However, the sector still faces headwinds as it attempts to scale up. Capital and operating costs remain too high for some potential investors, while the legal frameworks and policy support
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
