Last week, Nature published a new study, “A prudent Planetary Limit for Geologic Carbon Storage”, sparking debate on the global feasibility of geological CO₂ storage at scale. We have now completed further analysis of the report, along with reviewing the scrutiny the report has received from academic and industry circles.
Responding to the report Mark Sommerfeld, UK Director, said:
“While this study takes a conservative approach in estimating global CO₂ storage capacity, it recognises that CCUS remains a vital technology. Climate experts agree it is an essential tool for achieving our climate goals. Even under the cautious assumptions presented here, there is more than sufficient potential to meet the EU’s target of 50 Mt of CO₂ storage per year by 2030, as well as the Climate Change Committee’s target of 73 Mt per year by 2050. This is further evidenced by many site-specific assessments of storage asset viability, confirming that sites are safe and ready to be developed. Deployed alongside other technologies, CCUS can cut emissions, deliver reliable low carbon energy, and create major economic opportunities.”