The Global CCS Institute has published its 2024 report on the Global Status of CCS.

In an overview of highlights from the report, The Carbon Herald refers to remarkable progress in policy making around carbon capture and storage (CCS) worldwide. Examples include:

• The UK government announcing a £22 billion (~$28.5 billion) investment in carbon management solutions
• Continued support for CCUS and carbon removal projects in the US via the Inflation Reduction Act
• Austria, Denmark, France, Germany, Norway, Poland, Sweden, Switzerland, and the UK introducing or announcing plans to reduce greenhouse gas emissions through CCS
• Denmark and Sweden committing to financial support for reducing biogenic CO₂ emissions
• Countries in the Middle East and Africa including CCS in their decarbonization strategies
• Multilateral government initiatives, such as the Clean Energy Ministerial, Mission Innovation, and the Carbon Management Challenge

The report also highlights significant expansion in CCS projects at all stages of development, stating that the “global capacity for capturing carbon dioxide is poised to double to over 100 million metric tons per year once currently under-construction facilities become operational.”

Click here to download the full report.