Overview
Carbon capture and storage (CCS) has a critical role in delivering Net Zero targets by 2050. The need for transboundary movement of CO2 arises due to the mismatched location of available storage sites and CO2 emissions (capture sites). Countries with large industrial emissions but with limited or contested domestic storage are candidates that are likely to export CO2 for storage and countries with ample suitable storage combined with a stable regulatory environment are attractive as storage hubs. In addition, the misalignment of project readiness may also result in the need for transboundary movement of CO2 for storage (as exemplified by the Northern Lights Project, Norway). This project aims to evaluate the key drivers and barriers, magnitude and direction of movement of anthropogenic CO2 across international borders for permanent storage in the future, both near (2035) and longer term (2050). The study was undertaken by ERM on behalf of IEAGHG.
