Large-scale commercial CCS projects have emerged
No rapid buildout seen for CCS in China
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
China’s ambitions to be a global green technology leader do not yet appear to have extended to the CCS sector. In terms of deployment, it lags other regions, including Europe and North America, and concrete policies to support the sector’s expansion are still lacking, according to assurance and risk management company DNV. The current scale of China’s CCS sector is “immaterial”, with 11 projects in operation accounting altogether for only about 1mt out of 26mt of CO₂ captured per year globally, DNV said in a report, titled Energy Transition Outlook China. “However, given four more CCS facilities are in development, six in construction, and around 100 projects of various scale in demonstratio
Also in this section
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
