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Jul 3, 2021 LONDON – A rush of net-zero commitments by governments and companies, alongside plans to slash industrial emissions and get new power from hydrogen, mean efforts to lock away more climate-changing emissions underground need to ramp up fast, energy analysts say. But an accelerating push to build enough carbon capture and storage (CCS) capacity to meet expected demand and hold onto global climate goals faces huge obstacles, not least that most climate polluters still are not charged for the damage they do. In a few places, from Norway to Canada’s province of Alberta, companies that emit planet-heating gases are taxed, making paying to pump them into long-term storage underground more appealing and feasible even if prices for the service are still high.

United statesFrance generalUnited kingdomCity ofChristian mumenthalerStuart haszeldineStephen smithImperial college london grantham instituteInternational energy agencyCoalition for negative emissionsSwiss re groupUniversity of edinburghParis agreementNegative emissionsOxford net zeroGreen industrial revolution