Economic Potential of DACCS and Global CCS Progress
3.2 POLICY, LEGAL, AND REGULATORY UPDATE
CLIMATE POLICY TRENDS AND ANALYSIS
The publication of the much anticipated Intergovernmental Panel on Climate Change
(IPCCC) Working Group III (WG3) Report, Mitigation of Climate Change, has increased
awareness of the need for CCS, illustrating its effectiveness and viability through
widescale deployment across various scenarios and sectors. However, while large-
scale fossil-based energy and industry sources are posed to increasingly include CCS
in modelled pathways to limit warming to 1.5°C, current rates of deployment are far
below those found in the modelled pathways. The relationship between CCS and
technology-based carbon dioxide removal (CDR) is highlighted in counterbalancing
emissions where they cannot be mitigated. Widening the lens to consider overall
social, environmental and economic impacts across mitigation options, an analysis of
the relationship of CCS to the sustainable development goals (SDG) found synergies
in goals 3, 7, 8, 9 and 12. A brief published by the Global CCS Institute discusses in
further detail the key takeaways for CCS in the WG3 report (1).
1
6
[12]
NO
POVERTY
2
ZERO
HUNGER
SSS
3
GOOD HEALTH
AND WELL-BEING
4
QUALITY
EDUCATION
CLEAN WATER
AND SANITATION
7
AFFORDABLE AND
CLEAN ENERGY
8
DECENT WORK AND
ECONOMIC GROWTH
11
SUSTAINABLE CITIES
AND COMMUNITIES
12
16
PEACE, JUSTICE
AND STRONG
INSTITUTIONS
RESPONSIBLE
CONSUMPTION
AND PRODUCTION
QO
17
PARTNERSHIPS
FOR THE GOALS
9 AND INFRASTRUCTURE
AND INFRASTRUCTURE
5
GENDER
EQUALITY
10
REDUCED
INEQUALITIES
13
CLIMATE
ACTION
14
LIFE
BELOW WATER
15
LIFE
ON LAND
SUSTAINABLE
DEVELOPMENT GOALS
FIGURE 8: THE UN SUSTAINABLE DEVELOPMENT GOALS (SOURCE: THE UNITED NATIONS)
GLOBAL CCS
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