Carbon Capture, Use and Storage (CCUS)

11 Nov 2024

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As we experience the unprecedented challenge of climate change, the urgency for a secure, affordable and sustainable energy transition has never been clearer.

Global energy related CO2 emissions have reached a record 37.7 gigatons in 2023, underscoring the scale of the transformation needed to achieve net-zero emissions by 2050.

To achieve this ambitious target, a profound shift in the way we produce, transport, and consume energy is essential. It will require a broad spectrum of measures, from scaling up renewable energy sources such as solar and wind, to accelerating electrification, enhancing energy efficiency across sectors, and increasing reliance on hydrogen and low-emission fuels.

Equally vital is the development and deployment of Carbon Capture, Utilization, and Storage (CCUS) technologies, which play a critical role in addressing the emissions, especially from hard-to-electrify sectors.

Fossil fuels, expected to peak in the coming years will nonetheless remain a significant part of the energy mix of the next decades, according to international energy agencies.

At RINA, we recognize the magnitude of this challenge, as well as the need for strategic, coordinated action on a global scale. Each government must adopt a tailored approach to achieving net-zero emissions, taking into account unique economic characteristics, social circumstances and energy profiles.

We have developed deep insights into the complexities of the energy transition. In this white paper, we outline ten key priorities to accelerate the deployment of CCUS technologies, contributing to a cleaner, more secure, and sustainable energy future.