Everything you need to know about Voluntary Carbon Market
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CCS involves the capture of CO2 emissions from industrial processes, such as steel and cement production, or from the burning of fossil fuels in power generation. This CO2 is then transported from where it was produced, via ship or in a pipeline, and stored deep underground in geological formations.
The Intergovernmental Panel on Climate Change (IPCC) highlighted that, if we are to achieve the ambitions of the Paris Agreement and limit future temperature increases to 1.5°C (2.7°F), we must do more than just increasing efforts to reduce emissions – we also need to deploy technologies to remove CO2 from the atmosphere. CCS is one of these technologies and can therefore play an important role in tackling global warming.
There are three steps to the CCS process:
The CO2 is separated from other gases produced in industrial processes, such as those at coal and natural-gas-fired power generation plants or steel or cement factories.
The CO2 is then compressed and transported via pipelines, road transport or ships to a site for storage.
Finally, the CO2 is injected into rock formations deep underground for permanent storage.
Possible storage sites for CO2 emissions include saline aquifers or depleted oil and gas reservoirs, which typically need to be 0.62 miles (1km) or more under the ground.
As an example, a storage site for the proposed Zero Carbon Humber project in the UK is a saline aquifer named ‘Endurance’, which is located in the southern North Sea, around 90km offshore. Endurance is approximately 1 mile (1.6km) below the seabed and has the potential to store very large amounts of CO2.
Similarly, in the U.S. there are multiple large-scale CO2 sites such as the Citronelle Project in Alabama. This saline reservoir injection site is about 1.8 miles (2.9km) deep.
As well as CCS, there is a related concept, CCUS, which stands for Carbon Capture Utilisation (or sometimes this is termed ‘usage’) and Storage. The idea is that, instead of storing CO2, it could be re-used in industrial processes by converting it into, for example, plastics, concrete or biofuel.
According to industry body the Global CCS Institute, CCS is ‘a proven technology that has been in safe operation for over 45 years’. It adds that all components of CCS are proven technologies that have been used for decades on a commercial scale.
According to the Global CCS Institute’s 2022 report, there were 194 large-scale CCS facilities globally at the end of the year – compared to 51 in 2019 – 61 of which were new CCS facilities added to the project pipeline in 2022. 30 of these projects are in operation, 11 under construction and the remainder in various stages of development.
Of the total number of projects, 94 were in the Americas (80 in the U.S.), 73 in Europe (27 in the UK), 21 in Asia-Pacific and 6 in the Middle East.
The CO2 capture capacity of all CCS facilities under development grew to 244 million tonnes per annum in 2022 – an impressive increase of 44% over the year.
CCS has been in operation since 1972 in the U.S., where several natural gas plants in Texas have captured and stored more than 200million tons of CO2 underground.
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