Don’t bury money: how to create value from CO2
<p>Ithas become clear that reaching net zero in 2050 will be impossible without carbon capture. But once the carbon has been captured, what should we do with it?</p>
<p>Carbon capture, storage, and utilisation (CCSU) technologies offer an opportunity to achieve deep decarbonisation in key industrial processes and in fossil fuel usage in the power sector. On the storage side, according to the International Energy Agency (IEA), <a href="https://www.iea.org/reports/the-role-of-co2-storage" rel="noopener ugc nofollow" target="_blank">a cumulative of up to 107 Gt CO2 could be stored permanently by 2060</a>. However, there are some concerns around CO2 storage like <a href="https://ec.europa.eu/research-and-innovation/en/horizon-magazine/storing-co2-underground-can-curb-carbon-emissions-it-safe" rel="noopener ugc nofollow" target="_blank">leakage from underground reservoirs as well as induced seismicity</a>. Moreover, it is still unclear whether CO2 storage facilities will develop at the scale and pace required to store 107 Gt CO2 by 2060 is yet to be seen.</p>
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