CCUS Market: Enabling Decarbonization Across Power and Industrial Sectors
As the world intensifies efforts to combat climate change, reducing carbon dioxide emissions has become a central priority for governments, industries, and societies. While renewable energy, electrification, and energy efficiency play vital roles in lowering emissions, they alone are not sufficient to achieve net-zero targets—particularly in hard-to-abate sectors such as cement, steel, chemicals, refining, and power generation. In this context, Carbon Capture, Utilization, and Storage (CCUS) has emerged as a crucial technology for mitigating greenhouse gas emissions while supporting continued industrial and economic activity. CCUS involves capturing carbon dioxide (CO₂) from industrial processes or power generation, transporting it, and either utilizing it in various applications or permanently storing it underground. Once considered a niche or transitional solution, CCUS is now gaining momentum as an essential component of global decarbonization strategies. Increasing policy suppor...