CCS capacity to quadruple by 2030 but still far off net zero needs, says DNV

Carbon capture and storage (CCS) is approaching a critical turning point, according to DNV’s latest report.
Global capture and storage capacity is expected to quadruple by 2030, with cumulative investment reaching $80 billion over the next five years.Despite this momentum, DNV warns the scale of deployment still falls well short of what is needed to meet net-zero targets.
“Carbon capture and storage technologies are a necessity for ensuring that CO₂ emitted by fossil-fuel combu