$200B In Carbon Capture Investment Needed Over Next 10 Years

By 2034, the world will have developed carbon capture capacity of 440 millions tonnes per annum (Mtpa) while storage capacity will reach 664 Mtpa, requiring $196 billion in total investment, global energy data and analytics provider Wood Mackenzie has predicted.  In a report titled  “CCUS: 10-year market forecast”, WoodMac projects that nearly half of CCUS (Carbon Capture, Utilization & Storage) investment globally over the next decade will go into CO2 capture, with the remaining $53 billion going…