Carbon Capture Projects Hit Record, But Would Mitigate Less Than 1% of Emissions – U.S. & Canada Lead the Way

Posted by David Logan

Date: October 17, 2022

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(Bloomberg)

The number of carbon capture and storage projects in development grew to record levels this year on the back of rising carbon prices and government incentives, but would still only mitigate less than 1% of annual emissions, a new report finds.There are now 153 CCS projects in the planning phase, 61 more than this time last year and more than at any time in history, the Melbourne-based Global CCS Institute found in its annual survey of the sector, released today. They would add to the 30 projects currently operating and a further 11 under construction.