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EMISSIONS: 9.6GW of CCS-Enabled Plants May be Built by 2035

EMISSIONS

 Up to 9.6GW of CCS-enabled power plants could be installed globally by 2035, a sevenfold increase from current capacity, but with fewer than 10% of projects permitted, the pipeline faces significant hurdles, according to BNEF.

  • Over the past two decades, 11.3GW of planned carbon capture projects have been abandoned. The current pipeline would be twice as large without these cancellations.
  • Nearly 25% of scrapped projects relied on subsidies that were later withdrawn. 21% faced cost overruns during development.
  • Additionally, without stronger policies and financial backing, the carbon capture pipeline risks further stagnation, limiting its impact on decarbonising power grids globally.


     


 

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 Up to 9.6GW of CCS-enabled power plants could be installed globally by 2035, a sevenfold increase from current capacity, but with fewer than 10% of projects permitted, the pipeline faces significant hurdles, according to BNEF.

  • Over the past two decades, 11.3GW of planned carbon capture projects have been abandoned. The current pipeline would be twice as large without these cancellations.
  • Nearly 25% of scrapped projects relied on subsidies that were later withdrawn. 21% faced cost overruns during development.
  • Additionally, without stronger policies and financial backing, the carbon capture pipeline risks further stagnation, limiting its impact on decarbonising power grids globally.