Net-zero goals cannot be met by rising renewable energy usage and wider adoption of electrification in transport alone. The world will need to reduce the emissions from existing energy systems and from heavy industries such as cement, steel, or chemicals production if it hopes to meet the ambitious climate goals and stick to the target in the Paris Agreement to limit global temperature rise well below 2 degrees Celsius. The decarbonization of the energy infrastructure, the reduction of greenhouse gas (GHG) emissions in heavy industries, and the production of low-carbon hydrogen will be virtually impossible without carbon capture, utilization, and storage (CCUS), the International Energy Agency (IEA) said in a new report . Strengthened climate goals and increased government support have created in recent years a new momentum for CCUS to become a large-scale, cost-effective solution to reduce emissions in many carbon-intensive industries. Big Oil has also recognized the […]