11 new countries have registered CCS facilities in various stages of development since the 2022 report. The US dominates with 73 new facilities entering the pipeline in 2023, while Australia has overtaken the Netherlands to join the UK, Canada and China in rounding out the top five countries for CCS deployment.
The Americas
The Americas have seen substantial policy enhancements in the past year, with multiple new CCS projects and networks announced and an acceleration in policy and attitudes that has brought CCS more directly into decarbonisation conversations and public awareness.
Asia Pacific
The Asia Pacific has seen significant activity from both government and industry across the region in the past year, including several new project announcements and the release of further supportive policies and legislation, including new measures by early-mover nations Australia and Japan targeted at promoting CCS deployment.
Europe and The UK
The European Commission has initiated a number of new legislative proposals in recent months, adopting others that have been in the works since last year and making further progress in funding CCS projects through the Innovation Fund and Connecting Europe Facility. Several countries have also made important advancements in CCS deployment, with Germany and France launching consultations on policies that aim to support CCS.
Middle East
and North Africa
CCS in the Middle East and Africa region already accounts for around 8% of global capture capacity and is on the cusp of a remarkable uptrend, with commitments by the UAE and Saudi Arabia in announcing net-zero targets for 2050 and 2060, respectively, and the UAE hosting COP28 serving as catalysts for the accelerated adoption of CCS technologies in the region.
Scaling up through 2030
We are now seeing a rapid escalation in the development of new CCS projects, although relatively few have yet advanced to operation.
The impact of recent policy developments, notably in Europe and North America, is expected to be a sustained increase in the number of CCS projects in development, and a greater proportion of them successfully progressing to construction. Now there are far fewer cost surprises and policy drivers are much stronger. The game has changed.
01
48%
increase
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.
02
198 new
facilities
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 developmen
03
Policy
drivers
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.
