In Short : Global carbon capture and storage (CCS) investments are set to reach $80 billion in the next five years, with capacity expected to quadruple by 2030, according to DNV. Current capture stands at around 50 MtCO₂ annually. To meet climate goals, rapid infrastructure scaling, cost reductions, and supportive policies are essential for CCS to contribute meaningfully to global decarbonization.
In Detail : Global investment in carbon capture and storage (CCS) is projected to hit \$80 billion over the next five years, according to a recent report by DNV. This significant increase in funding reflects growing recognition of CCS as a critical technology in the fight against climate change.
Current global CCS capacity captures around 50 million tonnes of CO₂ per year. However, to meet international climate goals, particularly those outlined in the Paris Agreement, this capacity needs to grow substantially in the coming years.
DNV’s report indicates that CCS capacity is expected to quadruple by 2030. This anticipated growth will be driven by both public and private sector investment, along with increasing regulatory support for low-carbon technologies.
A key factor in the success of CCS deployment is the rapid scaling of supporting infrastructure, including CO₂ transport pipelines, shipping networks, and storage facilities. Without robust infrastructure, large-scale implementation of CCS will remain limited.
The report also highlights the need for cost reduction and innovation in capture technologies to make CCS more economically viable. Lowering costs will encourage broader adoption across hard-to-abate sectors like cement, steel, and chemicals.
Policy support remains essential to accelerate CCS growth. Clear regulatory frameworks, financial incentives, and international collaboration will be crucial to ensure the technology scales up fast enough to contribute meaningfully to global decarbonization goals.
