CERAWEEK: Carbon capture costs outweigh incentives, fail to attract hard-to-abate industries

Operators are committed to reaching net zero goals outlined in the Inflation Reduction Act by tackling carbon emissions through large scale storage projects, but current incentives have failed to rally industries behind the proposed carbon solution. Challenges in scalability and commercial appeal persist, with cost remaining a primary barrier to widescale deployment, company executives said March 18. “The jury is… Operators are committed to reaching net zero goals outlined in the Inflation Reduction Act by tackling carbon emissions through large scale storage projects, but current incentives have failed to rally industries behind the proposed carbon solution. Challenges in scalability and commercial appeal persist, with cost remaining a primary barrier to widescale deployment, company executives said March 18. “The jury is… Read More