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.
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)
CO2 Recycling: Carbon Capture, Utilization & Storage
Energy & Industrial ~75% of manmade GHG
Sources: Carbon Brief (2017) & IPCC (2014)
Sources: IEA WEO (2018), OECD (2018) & UN (2017)
What role can CCUS play?
Source: IEA WEO (2018)