Presentation | Carbon capture and storage technologies: designing the right climate policies
Key Findings
Renewables, electrification, efficiency, and methane-loss reductions contribute most to decarbonization: International Energy Agency (IEA) World Energy Outlook (WEO) expectations for CCS contributions to Net Zero are decreasing.
CO2 capture has never reached claimed targets: IEEFA studied the actual performance of CCS projects across sectors, and net CO2 capture from these processes is <80%, and averages ~50%.
CO2 storage has not been proven secure: No major permanent storage project has achieved fully secure or fully predictable storage despite the best available technologies, from Norway’s Sleipner and Snøhvit projects to Chevron's Gorgon project in Australia.
At the European Parliament's public hearing in Brussels, IEEFA's Grant Hauber presented "Carbon capture and storage (CCS): Risks across the disposal chain". The full videos and presentation file are available here.
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