Global CCS Institute is promoting the adoption of carbon capture and storage (CCS) technology to address climate change and ensure energy security. CCS is a three-step process that involves capturing CO2 emissions from large-scale power plants and industrial plants, compressing the captured CO2, and injecting it into secure underground rock formations for permanent storage. The technology has been proven at commercial scale and is already being used in various ways around the world to reduce CO2 emissions. However, the latest scientific evidence shows that climate change cannot be solved with a single solution, and a wide range of low-carbon technologies, including CCS, are needed to reduce global CO2 emissions to 2°C or below by 2050. The International Energy Agency (IEA) estimates that the cost of investment in power sector alone could increase by around $3 trillion by 2050 if CCS is excluded from the technology mix. The IEA also notes that the full decarbonization of the energy system is unlikely to be achieved without CCS. Renewable energy sources, such as wind, solar, and hydropower, are expected to increase their share of global energy consumption from 2010 to 2035, but they will still depend on fossil fuels to meet the increasing demand. The Global CCS Institute is playing a crucial role in sharing knowledge, building capacity, and providing advice and support to accelerate the adoption of CCS, which is necessary to reduce CO2 emissions and ensure energy security.
