Journey to Net-Zero: The Role of Carbon Capture

Net-Zero is not Zero. Public and private decarbonization initiatives incorporate carbon capture, utilization and sequestration (CCUS) into their pathways. The Inflation Reduction Act of 2022 provides significant tax benefits to permanent carbon sequestration and net zero pledges by corporations typically rely on some form of CCUS in the future. Yet CCUS technology is still in its infancy, the capital required to move the industry to scale is enormous, and sceptics perceive a lack of transparency and that its use could diminish ambitions to transition away from fossil fuels.