Economic Potential of DACCS and Global CCS Progress
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GLOSSARY
ACCU Australian Carbon Credit Unit
ADNOC Abu Dhabi National Oil Company
BECCS Biooenergy with CCS
CCS Carbon Capture and Storage
CCUS Carbon Capture Utilisation and Storage
CDR Carbon Dioxide Removal
CO2 Carbon Dioxide
COP Conference of the Parties
DAC Direct Air Capture
DACCS Direct Air Capture with Carbon Storage
DOE US Department of Energy
EC European Commission
EOR Enhanced Oil Recovery
EPA Environmental Protection Agency
EPC Engineer, Procure, Construct
EPSS Emission Performance Standards
ESG Environmental, Social and Corporate Governance
ETS Emissions Trading System
EU European Union
FEED Front-End Engineering Design
GFC The Green Climate Fund
GHG Greenhouse Gas
Gt Gigatonne
GW Gigawatt
IEA International Energy Agency
IEA-SDS IEA's Sustainable Development Scenario
IMO International Maritime Organisation
IPCC Intergovernmental Panel on Climate Change
IRS Treasury and Internal Revenue Service
JCM Joint Crediting Mechanism
JOGMEC Japan Oil, Gas and Metals National Corporation
LCFS Low Carbon Fuel Standard
LEDS Long Term Low Greenhouse Gas Development
Strategies
LNG Liquified Natural Gas
MEE Ministry of Ecology and Environment
MMV Monitoring, Measurement and Verification
Mt Million Metric Tonnes
MTPA Million tonnes per annum
MW Megawatt
NDC Nationally Determined Contribution
NET Negative Emissions Technology
NETL National Energy Technology Laboratory
NPV Net present value
NZE Net zero emissions
PV Photovoltaic
R&D Research and Development
RD&D Research, Development and Demonstration
SDS Sustainable Development Scenario
SLL Sustainability Linked Loan
SMR Steam Methane Reforming
SOE State Owned Enterprise
TWH Terrawatt Hour
UNFCCC United Nations Framework Convention on
Climate Change
UAE United Arab Emirates
UN SDGS UN's Sustainable Development Goals
VCM Voluntary Carbon Market
WTE Waste to Energy
TABLE OF CONTENTS
ABOUT THE REPORT
1. FROM THE CEO
2. AMBITION TO ACTION
3. GLOBAL STATUS OF CCS
3.1 GLOBAL FACILITIES AND TRENDS
3.2 POLICY, LEGAL, AND REGULATORY UPDATE
4. REGIONAL OVERVIEW
4.1 REGIONAL OVERVIEW: AMERICAS
4.2 REGIONAL OVERVIEW: ASIA-PACIFIC
4.3 REGIONAL OVERVIEW: EUROPE AND THE UK
4.4 REGIONAL OVERVIEW: MIDDLE EAST AND NORTH AFRICA (MENA) REGION
5. ANALYSIS
5.1 CARBON MARKETS
5.2 CARBON REMOVALS
5.3 HYDROGEN
5.4 FINANCE
5.5 INDUSTRY
5.6 EVOLUTION OF STORAGE
5.7 INFRASTRUCTURE
5.8 TIMELINES FOR CCS PROJECT DEVELOPMENT
6. APPENDICES
6.1 CO2 GEOLOGICAL STORAGE
6.2 2022 FACILITIES LIST
7.0 REFERENCES
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GLOBAL CCS
INSTITUTEView entire presentation