In a November report, The Global CCS Institute said carbon capture and storage (CCS) is the only technology able to decarbonize the industrial sector. To reach the Paris Agreement’s target to keep global atmospheric temperature increases to below 2 degrees Celsius, 2,500 CCS facilities will need to be operational by 2040, with 14% of cumulative emissions reductions coming from CCS. Yet, to date only 17 large-scale CCS facilities are operational globally, capturing more than 30 million tonnes per annum. Only two are at power plants. No large-scale power plant projects are now under construction or even in advanced development, though a handful of projects are in early development. While these projects may benefit from the declining costs of deployment and profitability of CCS, which has been demonstrated in the power sector, their success will rest on a number of factors, including government support. Source: “The Global Status of CCS,” The Global CCS Institute, November 2017.
—Copy and artwork by Sonal Patel, a POWER associate editor.