Sat, Jul 13, 2024

IEA Report: Five keys to unlock CCS investment

Image courtesy Petra Nova
Image courtesy Petra Nova
Global News  | 
International Energy Agency

Global investment in low-carbon energy reached USD 850 billion in 2016, with USD 297 billion of that flowing to renewable energy technologies and USD 231 billion to energy efficiency. Much of this investment has been underpinned by government policies and regulation targeted at supporting the shift to a low-carbon energy sector. Yet investment in the deployment of another critical climate technology – carbon capture and storage (CCS)1 – is falling well behind, with only around USD 1.2 billion invested in 2016.

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