Carbon Capture Projects to Expand

May 06, 2024

Carbon capture is a burgeoning industry and a promising technology to help reduce the human carbon footprint. The U.S. Department of Energy has funded research and development in carbon capture and storage since at least 1997.

In 2020,  the global carbon capture, utilization, and storage (CCS) market size was $1.96 billion and the industry is projected for continued growth. In the U.S., the Inflation Reduction Act provided a boost to CCS, with an increased subsidy for capturing CO2 from polluting sources from $50 to $85 per metric ton.

With large scale CCS projects now a reality, the Guidehouse Insights Carbon Capture, Utilization, and Storage Tracker provides an interactive way to segment and view global carbon capture data.

The tracker provides a detailed and interactive view of how these projects are distributed around the world by country, project stage, project type, and more.

For more information, visit Carbon Capture Utilization and Storage Tracker 4Q23 (guidehouseinsights.com)