DNV forecasts that global CCS capacity will grow from 41MtCO₂ per year today to 1,300MtCO₂ annually by 2050 – a 30-fold increase. While this marks a significant scale-up, it would account for only 6% of global CO₂ emissions, far below the level required to meet net-zero targets. The report warns that without stronger policy support and investment, CCS deployment will fall short of its climate potential.
Ref: ‘Energy Transition Outlook: CCS to 2050’ at dnv.com.
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