Institute Unveils Global CCS Database
6th October 2021
MELBOURNE – The Global CCS Institute has today released an updated database which now tracks carbon capture and storage (CCS) networks as well as projects, storage and regulations around the world. First released in 2018, the CO2RE database provides reliable data, intelligence and information on CCS and its vital role in achieving global climate targets.
General Manager – Commercial, Alex Zapantis, said the CO2RE database was proving increasingly useful to a broad group of professionals as CCS deployment continues to accelerate.
“In line with increasing climate ambition from countries and companies, the CCS project pipeline is experiencing unprecedented year-on-year growth. New projects and networks have been announced almost weekly in 2021,” said Mr Zapantis.
CO2RE’s CCS Readiness Index tracks a country’s requirement for CCS, its policy, law, regulation and storage resources development, identifying nations which are leading the creation of enabling environments for commercial CCS deployment.
“We’re seeing significant positive movement in the CCS readiness scores, particularly across Europe, which is largely due to a higher carbon price, ambitious emission targets and numerous supportive policy developments,” Mr Zapantis noted.
“The policy landscape for climate and CCS is changing quickly, making CO2RE’s accessible information and analysis valuable for project developer, government and investor decision-making.”
Principal Consultant for CCS Technology, Dr David Kearns, highlighted the ongoing development and beta release of CCS networks functionality within CO2RE, available exclusively to Institute members.
“CCS networks are leveraging economies of scale and significantly reducing project costs, removing barriers to entry for small-scale emitters. Networks may be pivotal to deep decarbonisation across a broad array of emitting industries including cement, chemicals and oil refineries amongst others. Networks like those emerging in the US and Europe will also be key to unlocking low-cost hydrogen production, driving job creation and economic growth, particularly in regional areas,” Dr Kearns said.
While aspects of the CO2RE database are provided exclusively to members, some information is publicly available. To access the database visit co2re.co
Matt Steyn (Melbourne): +61 405 018 007 email@example.com
About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com