![]() Facilitate cost-effective, timely deployment.Ensure market confidence in emissions reduction through greenhouse gas accounting.Protect underground sources of drinking water and other natural resources.Carbon capture should not be deployed unless we can: WRI’s work on carbon capture has been guided by five principles. We also participate in developing national and industry-specific strategies for carbon capture deployment, consistent with environmental and social integrity. WRI provides guidance on the development of best practices, regulations and standards for carbon capture. New and emerging legislation can further support carbon capture and storage as one tool of many that we must leverage to combat climate change. In the three years since Congress revamped the federal 45Q tax credit, project developers and investors have announced over 30 carbon capture projects. Public and private sector investment can help industries overcome high initial capital costs and incentivize deployment. The United States has 13 commercial-scale carbon capture facilities, with the capacity to capture about 25 million tons of CO 2 annually, representing approximately half of the 26 commercial-scale carbon capture projects worldwide. “This must increase at least 100-fold by 2050 to meet the scenarios laid out by the IPCC” says Brad Page, CEO of Global CCS Institute. To reach this goal, the United States will need to scale up to more than 1000 capture facilities nationwide, collectively sequestering at least 1 billion tonnes of CO 2 per year.Ĭarbon capture helped capture 40 million tonnes of CO 2 from 26 operating power and industrial facilities globally in 2020. There is no single carbon capture solution, and the process must be adapted to meet site-specific criteria, such as availability of geologic storage or infrastructure to transport CO 2.Īnalysis by the International Energy Agency (IEA) and Intergovernmental Panel on Climate Change (IPCC) shows that deployment of carbon capture and storage is critical to achieve net-zero emissions by 2050. Preventing the worst impacts of climate change will require not only significantly reducing carbon emissions, but also actively capturing carbon dioxide (CO 2) at the source.Ĭarbon capture and storage (CCS) is a technological process that "scrubs" CO2 from the emission stream, transports it and permanently and safely stores it underground, reducing emissions from energy-intensive industries. Excess carbon dioxide in our atmosphere is the key contributor to global warming. ![]()
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