COLLABORATINGFORANET-ZEROFUTUREGLOBALSTATUSOFCCS2024051.0FromtheCEO072.0GlobalCollaborationforCCS113.0GlobalFacilitiesandTrends3.1GlobalFacilitiesandTrends123.2InternationalPolicy,LegalandRegulatoryDevelopments223.3CCSBusinessModelsandFinance25314.0RegionalOverview4.1Americas324.2AsiaPacificandIndia394.3China434.4Europe&UK464.5MiddleEastandAfrica52806.0References565.0FacilitiesListOperational57InConstruction59AdvancedDevelopment61EarlyDevelopment702GLOBALSTATUSOFCCSREPORT2024LinktoContentsContents3GLOBALSTATUSOFCCSREPORT2024LinktoContentsThisreportdocumentsthekeymilestonesintheglobaladoptionofcarboncaptureandstorage(CCS)overthepast12months.AboutthereportThenumberoffacilitiesinoperationhasrisento50overthisperiod,whilethetotalnumberoffacilitiesinthedevelopmentpipelinehassurged60%to628.TherecentincreaseinCCSdevelopmentactivityinChinaiscoveredinitsownsectionforthefirsttime.ThereportidentifiesthesignificantpolicyandregulatoryupdatesrelevanttothedeploymentofCCSbyregionanddescribeshowfinanceandinvestmentaredrivingdevelopmentoverthereportingperiod.ThisauthoritativesnapshotoftheglobalCCSindustryisbasedontheInstitute’sdatabaseofCCSfacilities(CO₂RE)andanalysisbytheInstitute’sglobalteam.ThisreportdescribeshowCCSisbeingpositionedbyleadinggovernmentsasanindispensablecomponentoftheirstrategiestomeetnet-zerocommitments,howcollaborationbetweengovernmentsandbetweencompaniesisadvancingCCS,andthesignificantchallengesthatremainforCCStohelpmeetglobalclimatetargets.*TheGlobalStatusReportisbasedonrecordeddataasof24July2024.HowtoNavigateThisReportThissymbolinthefooterwillreturnyoutothecontentspage.Usethecontentslisttitles(locatedontheright)tonavigatetothedesiredsection.LinktoContentsStockimage4GLOBALSTATUSOFCCSREPORT2024LinktoContentsTheGlobalCCSInstituteisanot-for-profitthinktankwhosemissionistoacceleratethedeploymentofCCSasanintegralpartofthenet-zeroemissionsfuturethroughfact-basedadvocacyandknowledgesharing.Our200+membersincludegovernments,globalcorporations,privatecompanies,researchbodiesandnon-governmentalorganisations.Weareatrustedadvisor,offeringdataandanalysistoourmembersandusingfact-basedadvocacytocommunicatetheroleofCCS.WesupporttheglobalCCScommunitybyhostingforums,workshopsandmeetings,publishingauthoritativethoughtleadershipandexpertreports,offeringbespokeconsultancyservicesandprovidingaccurateandup-to-dateinformationtopolicymakers.TheInstitute’seffortssupportpolicyformulationthatenablesthepublicandprivatesectorstoworktogethertounlockandaccelerateinvestment.WealsohelpbusinessesandgovernmentsintegrateCCSintotheirnet-zerostrategies,andweworkwiththefinancialsectortoincreaseitsunderstandingofCCSsothatitmaybeincludedininvestmentstrategiesandportfolios.Ourcorestrengthisourglobally-basedteamwithadiverserangeoftechnical,economic,commercial,legal,regulatoryandpolicyexperience,expertiseandadvocacyskills.HeadquarteredinMelbourne,Australia,wehaveofficesinAbuDhabi,Beijing,Brussels,London,TokyoandWashingtonDC.GlobalCCSdeploymentmustincreasemorethan100-foldby2050tomeetnet-zeroemissionstargets.Itisachievableifgovernment,industry,andthefinancialsectorworkeffectivelytogetheroverthenext25years.Ourmissionistomakethishappen.StockimageAboutusWeareatrustedadvisor,offeringdataandanalysistoourmembersandusingfact-basedadvocacytocommunicatetheroleofCCS.5GLOBALSTATUSOFCCSREPORT2024LinktoContentssocietyworkt...
