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CARBON CAPTURE, UTILIZATION, AND STORAGE
The document outlines the role of CCUS in low-carbon scenarios, noting its potential to contribute 4% of global CO2 reductions by 2030 and 12% by 2050. It highlights that while CCUS has historically underperformed, investment is increasing, with a global market potentially reaching $4–$10 billion by 2026-27. Canada is positioned as having an early advantage due to expertise in enhanced oil recovery (EOR), geological storage in Alberta and Saskatchewan, and early adoption in coal-fired electricity and oil sands. Notable investments include $685 million for a network in Norway and significant funding for Direct Air Capture (DAC) from the US, UK, and private entities.
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Document type: Fact sheet