IEA: How new business models are boosting momentum on CCUS

2022 was a strong year for carbon capture, utilisation, and storage (CCUS). More than 140 new projects were announced, increasing planned storage capacity by 80%, and capture capacity by 30%. CCUS projects were announced in seven additional countries, in central and southern Europe, the Middle East, and Southeast Asia, bringing the total number of countries with plans to develop CCUS to 45.

To ensure that policy makers can keep up with an evolving CO2 management sector and support the growth required to meet decarbonisation goals, policies should proactively leverage opportunities and tackle challenges that may arise from new CCUS business models:

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