Carbon capture, transport and storage (CCS) technology is key to mitigating global warming, but there are several hurdles to overcome. CCS is not profitable under the current energy regime, and future deployment will depend on regulatory frameworks, incentives and emission costs.
CCS prevents large amounts of carbon dioxide (CO2) from fossil fuels entering the atmosphere. According to the International Energy Agency, CCS is the third-most important measure to limit global warming by two degrees Celsius.
Further details: Pilot case to speed carbon capture, transport and storage in Europe