About the report
This report documents the milestones for carbon capture and storage over the past 12 months, as it is increasingly adopted globally, and defines the key opportunities and challenges for the coming years.
The data is provided to inform and help accelerate deployment of this proven emissions reduction technology as an integral part of meeting global climate targets. We hope it will be read and used by governments, policymakers, academics, media commentators and the millions of people who care about our climate.
The Global CCS Institute is a leading international carbon capture and storage (CCS) think tank. Our mission is to accelerate the global deployment of CCS as an integral part of tackling climate change and delivering climate neutrality.
Our more than 200 international members include governments, companies, research bodies and NGOs, all with a commitment to CCS as part of achieving a net-zero future. We have resources in Washington DC, New York Houston, London, Paris, Brussels, Abu Dhabi, Beijing, Kuala Lumpur, Melbourne, Perth, Brisbane and Tokyo.
The CO2 capture capacity of all CCS facilities under development has grown to 361 million tonnes per annum (Mtpa) – growth of 48% since the 2022 report.
198 new facilities have been added to the development pipeline bringing the current total to 41 projects in operation, 26 under construction and 325 in advanced and early development.
The level of policy support from governments has reached an historic high in 2023, strengthening the business case for CCS and resulting in the CCS project pipeline growing more rapidly in the past year than ever before.
CCS in the Americas, Asia,
Europe and the Middle East
The level of policy support from governments has reached an historic high, strengthening the business case for CCS and resulting in the CCS project pipeline growing more rapidly in the past 12 months than ever before.
From the CEO
We have seen much progress on CCS since last year’s 2022 Global Status of CCS Report, spurred by government policies in North America and Europe set forward to catalyse all forms of climate change mitigation. Development of CCS networks is also increasing. Shared common infrastructure can provide economy of scale and leverage synergies between points source carbon capture and carbon dioxide removal. We also see growing activity and interest in the shipping of CO2 as a key mode of transport in some regions.
The past year has seen growing interest from the financial sector and investors to include CCS in their sustainable development portfolios and investments.
While I am encouraged by the exponential growth of enabling policies, projects, and collaborative activities we are witnessing on CCS globally, more work is still urgently needed to achieve gigatonne-scale deployment.
-Jarad Daniels, CEO