Carbon capture and storage (CCS) is vital to decarbonize a few important sectors, including the most energy-intensive industries: power, heat and transport. It will also enable future operations to become more competitive and sustainable in a net-zero economy. Removing carbon from natural gas -to reach hard-to-abate sectors before or after combustion - is anticipated to be a catalyst for deep decarbonization after 2035, according to DNV GL's latest Energy Transition Outlook (ETO). Currently, about 40 mtpa of anthropogenic carbon dioxide (CO_2) is captured and stored in geological formations each year. While this is almost a threefold increase on projections in 2019, it will not scale early enough to meet the targets set by the Paris Agreement.
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