Carbon Capture Boom: 100 CO2 Capture Projects, $56 Billion in a Decade

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No fewer than 100 large-scale carbon capture and storage projects within about a decade, at a cost of some $56 billion — that’s what International Energy Agency chief Nobuo Tanaka said the world needs in order to help address climate change, according to Reuters.

At the Carbon Sequestration Leadership Forum, a conference of energy ministers taking place this week in London, Tanaka called for 850 CCS projects by 2030 and 3,400 by 2050, with a total investment of more than $700 billion over the next three decades. Those are huge numbers for an experimental technology that has yet to be proven at industrial scale.

The next decade represents a “key ‘make or break’ period” for carbon capture and storage technology, according to a 52-page CCS “Technology Roadmap” out today from the International Energy Agency, and it could open significant opportunities for startups. While large established power companies will likely dominate industrial storage projects, startups with novel chemical conversion technologies like GreatPoint Energy, and startups that recycle the carbon, like algae fuel firms like Solazyme, will likely benefit from the intergovernmental agency’s call to arms.

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One Response to “Carbon Capture Boom: 100 CO2 Capture Projects, $56 Billion in a Decade”

  1. Duncan

    The next few years represent a “key ‘make or break’ period” for carbon capture and storage technology.

    According to a 52-page CCS “Technology Roadmap” out from the International Energy Agency, and it could open significant opportunities for startups.

    While large established power companies will likely dominate industrial storage projects, startups with novel chemical conversion technologies like GreatPoint Energy, and startups that recycle the carbon, like algae fuel firms like Solazyme, will likely benefit from the intergovernmental agency’s call to arms.


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CLIMAX 500 Climate Tech Startup Snapshot - Top 10 startups in 50 decarbonization avenues

Renewable Energy - Utility Scale Solar | Distributed Solar | Solar Thermal | Wind Power | Biomass heating and power | Biofuels | Hydro Power | Geothermal Energy

Energy Efficiency - Energy Efficient Buildings | Industrial Waste Heat Recovery | Low Carbon Thermal Power | Energy Efficient Industrial Equipment | Smart Grids | Heat Pumps | Digital for Decarbonization

Energy Storage - Battery Storage | Thermal & Mechanical Storage | Green Hydrogen

Agriculture & Food - Sustainable Forestry | Regenerative Agriculture | Smart Farming | Low Carbon Food | Agro Waste Management

Materials - Bio-based Materials | Advanced Materials | Product Use Efficiency | Industrial Resource Efficiency

Waste Management - Reducing Food Waste | Solid Waste Management

Water - Water Use Efficiency 

Decarbonizing Industries - Low Carbon Metals | Low Carbon Chemicals & Fertilizers | Low Carbon Construction Materials | Low Carbon Textiles & Fashion | Decarbonizing Oil & Gas Sector | Corporate Carbon Management

Low Carbon Mobility - Electric Mobility | Low Carbon Trucking | Low Carbon Marine Transport | Low Carbon Aviation | Low Carbon ICE Vehicles | Mass Transit 

GHG Management - CO2 Capture & Storage | C2V - CO2 to Value | Reducing Emissions from Livestock | Reducing Non-CO2 Industrial & Agricultural Emissions | Managing Large Carbon Sinks

Others - Low Carbon Lifestyles | Multi-stakeholder Collaboration | Moonshots