Climate Compliance is a Billion-Dollar Industry - and growing.
“Reaching net-zero will be virtually impossible without CCUS.”
– International Energy Agency (IEA)
Even as the world moves to adopt energy and industrial processes with fewer greenhouse gas emission streams, capture of traditional system emissions is essential. And what to do with the captured emissions leads to the necessity of converting the emissions into products or storing them away securely in the earth. After all, much of the products for a functioning society came from the earth in the first place. Putting the by-products back into the earth, what carbon capture utilization and storage (CCUS) is all about, makes enormous sense. Of course, the challenge is an economic one and society will find the most efficient way to accomplish the storage without creating a new set of risks beyond the ones of climate change we all seek.
It’s estimated that $3.5 trillion of capital investment per year will be required to achieve net-zero greenhouse emissions by 2050, and CCUS-focused technologies and other efforts to reduce emissions the world over will have a place in the race.
Altogether, the recent climate commitments and initiatives have created a highly favorable investment environment for CCUS and other efforts to reduce emissions associated with energy generation and industrial processes - and it’s just the beginning.
In the new climate reality, businesses that can innovate and take advantage of the low-carbon transition will be the ones to secure a sustainable future.
In Today’s Climate, Investing in Compliance is Future-Proof.
-
Capture
Global GHG emissions currently sit at approximately 47.6 gT of CO2-equivalent per year.
-
Store
CCUS accounts for nearly 15% of the cumulative reduction in emissions in the Sustainable Development Scenario.
-
Reuse
Captured CO2 can be used to produce fuel, enrich concrete, and generate power - reducing greenhouse gas emissions by a billion metric tons yearly.
-
Clean
CCUS is critical to significantly reducing the amount of harmful industrial-produced CO2 released into the atmosphere - and is a key component to building a cleaner, greener future.