CCS: the Innovation Fund and beyond

The paper presents IOGP’s views on the role of CCS and some features to be taken into consideration for building a well-functioning Innovation Fund.

The document also highlights some key technology challenges for the future of CCS.

Key Points

• The oil and gas industry is well placed to help CCS deployment
• CCS can play an important role in securing a stable, flexible and low-emissions power mix
• CCS can contribute in delivering low carbon products like steel, cement, chemicals
• R&D and focused support from the Commission and Member States are required to enable investment in full scale CCS projects
• The ETS Innovation Fund should benefit CCS as well as promising low-carbon technologies