Recent analysis from S&P Global highlights a turning point for CCUS. The sector is moving beyond early-stage ambition into a more mature, execution-focused phase as the energy transition evolves.
Key insights:
- Market is maturing: Global carbon capture capacity has reached around 73 million metric tonnes per year, with nearly 1,300 projects in development, signaling strong momentum.
- AI is reshaping energy demand: Rapid growth in data centers is driving demand for reliable “clean firm” power, increasing the relevance of CCUS in supporting low-carbon baseload energy.
- Rise of negative emissions: Technologies like BECCS (bioenergy with CCS) are gaining traction as scalable carbon removal solutions, though sustainability and cost remain key challenges.
- Reality check on timelines: Project delays and regulatory hurdles show that execution, not theory, is now the main challenge for the industry.
- Long-term growth potential: Despite near-term challenges, CCUS capacity could exceed 2 gigatons per year by 2050, playing a critical role in decarbonisation.
These insights suggest that while momentum is strong, progress will depend on practical implementation and supportive policy frameworks.