The Paris Agreement signaled a global ambition to reduce greenhouse gas emissions and limit warming to 2°C by 2100, and attempt to limit it to 1.5°C. Analysis by the Intergovernmental Panel on Climate Change, International Energy Agency, and other international and national institutions have repeatedly shown that carbon capture, utilization, and storage (CCUS) is an integral component of the lowest-cost approach to climate change mitigation.
The growth in renewables is building a foundation on which CCUS and other emissions reduction technologies must stand. CCUS technologies will need to be technically and economically viable in a world with fluctuating net power demand. In addition, focusing on smaller non-power applications, advanced cycles and modular technologies may offer the opportunity to jumpstart widespread CCUS deployment.
Ultimately, CCUS will be responsible for achieving negative emissions to meet international climate goals. In fact, the prospect for negative emissions may garner increased support from other industries that are unable to readily reduce their own emissions. Growing the number of industries that could realize benefits from CCUS can only assist in gaining the financial and regulatory incentives and public support necessary to make widespread deployment a reality.
This conference will be hosted in beautiful Calabria, Italy, with ample time for group discussions and ad hoc sessions. The many pathways to advancing CCUS deployment will be the focus of the ECI CO2 Summit III.