Our lives depend on energy wherever we live. But in order to prosper while tackling climate change, society needs to provide much more energy for a growing global population while finding ways to emit much less CO2. Many leading agencies agree that Carbon Capture and Storage (CCS) will have an important role to play in addressing this challenge.
CCS is the only technology that tackles the absolute level of CO2 stock in the atmosphere. Other technologies improve efficiency and help to slow down the rate of CO2 increase, but do not reduce the total volume of CO2 in the atmosphere.
The IPCC’s Fifth Assessment Report states that without widespread implementation of CCS, the world is unlikely to reach its desired 2 °C scenario. It also states that without CCS the cost of achieving a 2 °C scenario will be around 138% higher. The International Energy Agency (IEA) projects CCS could provide around one sixth of the world’s CO2 emissions reductions by 2050.
Shell is helping to advance technology to capture and store CO2 emissions with CCS through facilities like Quest. But wider uptake of CCS is needed.