The Global Status of CCS 2018

An organization with members including ExxonMobil and the governments of Australia, the United Kingdom and the United States released a report arguing for the key role of carbon capture and storage in confronting the challenge of climate change. Members of the Global CCS Institute said 2018 could represent a turning point in the CCS industry because of a critical mass of favorable policies and investments from global governments. The group unveiled its 2018 Global Status of CCS report in an event held at the global climate conference in Katowice, Poland. The report aims to undercut common criticisms of CCS in combating climate change — namely, that the technology is still too expensive and not deployable at scale — by pointing out projects planned around the world and the amount of carbon dioxide stored to date.

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