CCUS and carbon offset markets set to surge, says Wood Mackenzie
The global carbon capture, utilisation and storage market is predicted to grow 28-fold by 2050, according to a new study from research and consultancy group Wood Mackenzie.
This growth fits with separate analysis from the group, which found that the global carbon offset market is forecast to hit at least $150bn in the next 25 years.
It predicts that both sectors will be driven by rising demand, policy evolution, strategic corporate deals, and technological advancements.
“CCUS will likely become crucial for abating process emissions in hard-to-abate industries,” said Hetal Gandhi, Lead for Global Forecasts and APAC Research.
... to continue reading you must be subscribed
Subscribe Today
To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.
