The Global CCS Institute Welcomes Calls from G7 Leaders to Scale up CCS Globally
18th April 2023
The Global CCS Institute welcomes a recently released communique from the Group of Seven (G7) Climate, Energy and Environment Ministers calling for the large-scale deployment of carbon capture and storage (CCS), among other climate mitigation measures, to reduce emissions and reach net zero rapidly.
In the communique, the G7 highlights the need to expand CO2 storage and transport infrastructure to drive decarbonisation efforts from industry, and noted the potential of hubs as an avenue for CCS deployment. The G7 also pledges to work collaboratively to develop mechanisms that will enhance the import and export of CO2, and create systems that will further incentivise CO2 utilisation.
“The G7 has shown a united front in its commitment towards CCS and climate change mitigation, which can inch CCS technology into reaching gigatonne scale”, says Guloren Turan, General Manager of Advocacy and Communications with the Global CCS Institute. “For CCS to play its needed role in the net-zero transition and for CCS deployment to scale up faster, international collaboration is key. The communique released by the G7 reflects more of what is needed in the dialogue and diplomacy surrounding the critical technology”, Turan added.
The G7 notes that alongside scaling up CCS, members will also work to strengthen and harmonise the measurement, reporting and verification of emissions reductions driven through carbon dioxide removal (CDR) technologies, including CCS technologies such as direct air carbon capture and storage (DACCS).
Further to CCS, the communique makes mention of a wide range of solutions that G7 members say can further tackle the climate challenge and spur sustainable economic growth, such as carbon markets and carbon pricing.
The G7 members include the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom, with the EU – a supranational organisation – included as a non-enumerated member. The communique follows a three-day meeting among G7 members in Japan.
The Global CCS Institute, a leading climate-think tank, is working with and on behalf of its members, three of which are G7 countries, to drive the adoption of CCS as quickly and cost effectively as possible in order to reach climate neutrality.
Read here for more on the G7 communique.
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 deliver climate neutrality. For more information, visit www.globalccsinstitute.com
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