Search Climate Insights Directory
81 results
Briefing Paper – Carbon Management
The U.S. is leading global CCUS development, driven by the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, with over 120 projects in planning or construction. China is rapidly expanding its capacity, having commissioned its first million-ton project in 2022 and developing several large-scale demonstration projects. Both nations face significant barriers: the U.S. struggles with commercial bank financing and public perception, while China lacks a comprehensive regulatory framework and large-scale transport infrastructure. Under the Sunnylands Statement, the two countries aim to advance at least five large-scale cooperative CCUS projects each by 2030.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Briefing