The warming effects of CO2 are well-established, with unprecedented warming observed in both temperate and Arctic regions
IPCC emission reduction targets
50% reduction in emissions by 2030
Achieving net-zero emissions by 2050-2060
The IPCC emphasizes the need for significant reductions in CO2 emissions to limit global warming to below certain thresholds, such as 1.5°C or 2°C
Achieving these net-zero targets requires clear pathways, policies, and financial investments
Carbon Capture and Storage (CCS)
Technologies that aim to capture CO2 emissions from industrial processes and store them underground to prevent their release into the atmosphere
CCS is considered a crucial strategy for achieving net-zero emissions
Financial incentives and policies
Pricing carbon emissions through taxes
Subsidies
Trading schemes
Examples of financial incentives and policies
EU Emissions Trading Scheme (EU-ETS)
Targeted carbon taxes in the UK
Industry clusters and CCS
Clustering industrial CO2 sources together can facilitate cost-effective CCS implementation by sharing infrastructure and storage facilities
Example of industry clusters and CCS
Acorn CCS project in Scotland
Mitigation actions
Behavior change
Energy efficiency improvements
Fuel switching
Nature-based solutions like afforestation and soil carbon sequestration
Despite technological advancements, achieving widespread CCS deployment faces challenges such as cost, uncertainty, and the need for long-term storage security