The role of CCS in the energy transition
CCS is one of the key technologies that could enable a low-carbon energy transition. CCS encompasses an integrated suite of technologies that can prevent large quantities of CO₂ from being released into the atmosphere.
According to the IPCC, achieving net-zero CO₂ energy systems will require a major reduction in fossil fuel use, minimal use of unabated fossil fuels, and the application of CCS for remaining emissions. CCS is a proven technology that can prevent large amounts of CO₂ from entering the atmosphere and has been in safe, commercial use for decades.
The role of Ipieca and the oil and gas industry
Large-scale CCS is already in operation, but widespread deployment faces barriers such as high costs, regulatory uncertainty, public acceptance, and the need for suitable storage sites. Policy support and clear legal frameworks are essential to accelerate progress and ensure CCS can make a meaningful impact on emissions reduction.
While electrification is advancing decarbonisation, hard-to-abate sectors like aviation, shipping, and heavy industry still rely on hydrocarbons. CCS provides a practical solution for reducing emissions in these sectors, and the oil and gas industry’s expertise is crucial for scaling up CCS projects as part of the broader energy transition.
Ipieca member case studies
The fact sheet includes a number of case studies summarising industry progress and investments, looking at cross-border CCS initiatives, CCS hubs, direct air capture technology, and transport and storage services.
Supporting future progress
Ipieca unites industry and stakeholders to advance the energy transition through knowledge sharing, collaboration, and good practices. It supports the Paris Agreement by promoting net-zero pathways, low-carbon solutions, and transparency, while emphasising the importance of cross-sector collaboration and considering all aspects of CCS, including social and environmental considerations.
