1.3 Scope of report
It is clear that CCS as a low-carbon technology can significantly reduce CO2 emissions and help mitigate climate change. The Global CCS Institute’s mission is to accelerate the demonstration and deployment of CCS globally, to bring forward the technology’s potential. This annual Global Status of CCS report provides a comprehensive reference source on the status of CCS and measures progress that has occurred in CCS over the past year. This includes showcasing project, policy and other developments as well as highlighting challenges still to be addressed.
To accelerate and monitor the development of CCS, many aspects must be addressed – from the policy environment through to technical challenges. This report covers these key aspects across separate chapters while making the link and dependencies across these areas apparent.
The results from the Global CCS Institute’s annual project survey are featured in Chapter 2. The Institute undertakes the most comprehensive annual global survey of CCS projects with the aim of providing a global overview of CCS projects which are intended to demonstrate the technology at a large scale. A critical mass of these large-scale projects is needed in the short term to demonstrate the integrated application of CCS technologies.
Chapter 3 analyses the business case for a project, one in which the necessary strategic and financial information is presented to make and monitor a decision about whether the investment should proceed. This information includes many factors – from government support to the confidence in the technology.
Key developments in the area of policy, legislation and regulation are presented in Chapter 4. It is of high importance that national policy settings in all key countries are conducive to CCS demonstration. Developing countries have additional challenges when implementing CCS and are separately addressed in Chapter 5.
Chapters 6, 7 and 8 then discuss the progress and challenges that have been made in capture, transport, and storage respectively. Chapter 9 discusses the use of CO2 EOR. This chapter presents the role CO2 EOR may play in CCS, along with some of the technical and legal aspects of CO2 in EOR relative to carbon storage, and describes the economic, commercial, and regulatory landscape influencing these operations.
Finally, in Chapter 10 (on public engagement), interesting trends in the annual project survey data are identified and reflected, focusing on outcomes emerging from early demonstration projects and applied social research.