Carbon Capture and Storage (CCS)

Overview

Carbon Capture and Storage involves capturing carbon dioxide from industrial sources or directly from the atmosphere, transporting it, and storing it permanently in geological formations. Direct Air Capture (DAC) technology can remove CO2 already in the atmosphere. While currently expensive, costs are declining rapidly. Governments worldwide are offering substantial tax credits and subsidies to scale CCS infrastructure. It is considered essential for reaching net-zero emissions, especially in hard-to-abate industries.