The Oil and Gas Climate Initiative Works Scope in CCUS

Carbon Capture and Storage (CCS) is an important part of decarbonising global energy systems. It could account for 13% of the required reduction in greenhouse gas emissions by 2050 according to the IEA’s 2°C scenario and substantially more if this goal is reduced to 1.5°C. CCS projects are already underway, but large-scale deployment will require us to reduce costs, develop viable market mechanisms and improve our understanding of geological storage capacity. We are working on programmes to accelerate the search for concrete solutions to these challenges.