Analysts: CCS Uptake Grows, But Falling Short of Emissions Goals

As energy players focus on shrinking carbon footprints in the race to net-zero emissions, carbon capture and storage (CCS) projects are gaining traction, buoyed by tax incentives, scale-up of technology and improving costs, industry experts say.

With CCS at the center and ample storage in parts of the world, the decarbonization push has potential to grow even further globally. That will, however, require stronger carbon pricing mechanisms.