'Turning point': Global investment in CCS tipped to quadruple to £60bn by 2030

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Report predicts CCS capacity will grow from 41 million tonnes a year today to 1.3 gigatonnes by 2050, but warns sector is still off track for delivering net zero scenarios

Global cumulative investment in carbon capture and storage (CCS) projects is expected to quadruple by 2030 to reach £60bn amid a "widening appreciation" for CCS's role in supporting net zero goals...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on CCS

Government signs contracts with 'trailblazing' UK carbon capture projects
CCS

Government signs contracts with 'trailblazing' UK carbon capture projects

Pioneering projects to capture carbon from a cement plant in Wales and an energy from waste facility in Cheshire both finalise contracts with UK government

Michael Holder
clock 25 September 2025 • 5 min read
Report: CCU will become 'missed opportunity' without stronger policy support
CCS

Report: CCU will become 'missed opportunity' without stronger policy support

World Economic Forum forecasts carbon capture and utilisation sector could prove vital to 'defossilising' industrial sectors, but the fledgling sector needs more support

clock 24 September 2025 • 4 min read
Enfinium flicks switch on West Yorkshire carbon capture pilot project
CCS

Enfinium flicks switch on West Yorkshire carbon capture pilot project

Company confirms pioneering trial to showcase performance of carbon capture technology at energy from waste plant is now up and running

clock 05 September 2025 • 3 min read