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Point source carbon capture, utilization and storage (CCUS) uptake projections worldwide from 2021 to 2050, by scenario

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Source

In cooperation with
Release date

November 2023

Region

Worldwide

Survey time period

2021

Special properties

Emerging negative emission technologies (eg, BECCS and DACCS) can add uncertainties to CCUS demand outlooks, but these technologies are currently at a very early stage.

Supplementary notes

Figures include the following point sources: Natural gas processing, cement and lime, iron and steel, chemicals and refining, power, and hydrogen production (excluding Hâ‚‚ for ammonia, methanol, and refineries.

Fading Momentum (FM) - Fading momentum in cost reductions, climate policies, and public sentiment will lead to prolonged dominance of fossil fuels.

Current Trajectory (CT) - Current trajectory of renewables cost decline continues; however, currently active policies remain insufficient to close the gap to ambition.

Further Acceleration (FA) - Further acceleration of transition driven by country-speci­fic commitments, though ­financial and technological restraints remain.

Achieved Commitments (AC) - Net-zero commitments (excluding international bunkers) achieved by leading countries through purposeful policies; followers transition at slower pace.

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Global CCUS uptake projections 2021-2050, by scenario

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