Carbon Capture, Utilization and Storage (CCUS) Investments Day

Every year, the world emits >35 billion tonnes of CO2 into the atmosphere, causing global warming. CCUS allows us to capture CO2 and recycle it into useful products or store it. Our goal is to invest in projects and technologies that will keep CO2 out of the atmosphere. 

CCUS Investments Day



OGCI Climate Investments
2019 CCUS Investments Day

We will invest in CCUS projects and supporting technologies that are near commercialization and can be deployed at scale with a goal of reducing the CO2 footprint of the energy and industrial sectors.

CCUS is a high-impact opportunity for climate change.

As the global population increases to 9.2 billion people by 2040 and energy demand rises 38%, we still need to cut CO2 emissions in half by 2040 to remain in line with the Paris Agreement.

The 2018 IPCC report states that we won’t be able to reach a <1.5˚C target without CCUS.

Sources: IEA (2018), IPCC (2018)

We currently store 30 million tonnes of CO2 per year. This figure needs to increase to 850 million tonnes of CO2 per year in 12 years, a ~25-fold increase, to align with the Paris goals.

Source: IEA 2018

CO2 Recycling: Carbon Capture, Utilization & Storage

Energy & Industrial ~75% of manmade GHG

Sources: Carbon Brief (2017) & IPCC (2014)

Dual Challenge
by 2040:

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    ­ ⬆ +38% in Energy Demand
    driven by population growth to 9.2B and economic growth nearly doubling global GDP


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    ⬇-45% in GHG emissions
    needed to limit global warming to <2°C above pre-industrial levels

Sources: IEA WEO (2018), OECD (2018) & UN (2017)

What role can CCUS play?

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    To reach the <2°C goal, the world needs to increase capture and storage of CO2 from: 
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    30 million tonnes per year today to 850 million tonnes by 2030, a ~25-fold increase

Source: IEA WEO (2018)