IEA (2020), Tracking Power 2020, IEA, Paris https://www.iea.org/reports/tracking-power-2020
Tracking progress 2020
Two large-scale CCUS power projects are currently in operation with a combined capture capacity of 2.4 MtCO2 per year. This is well off track to reach the 2030 SDS level of 310 MtCO2 per year. Prior to the Covid-19 crisis, CCUS was gaining new momentum. In 2019, 5 new CCUS-equipped power plants were announced, spurred primarily by new investment incentives in the United States, bringing the total to 14 power plants in development globally. As with other clean-energy investments, CCUS projects now face considerable challenges. CCUS applied to power is at an early stage of commercialisation, so securing investments will require complementary and targeted policy measures such as tax credits and grant funding.