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News CCS investment to reach US$80bn by 2030

CCS investment to reach US$80bn by 2030

Written by Global Cement staff 13 June 2025
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Global: Cumulative investment in carbon capture and storage (CCS) will reach US$80bn over the next five years, according to risk management company DNV’s new Energy Transition Outlook: CCS to 2050 report. DNV forecasts that CCS capacity will quadruple by 2030, driven initially by pilot projects in North America and Europe, but now seeing a sharp increase in capacity. As the technologies mature and scale, DNV expects that the average costs will drop by an average of 40% by 2050. The report also states that CCS will grow from 41Mt CO₂/yr captured and stored today to 1.3Bnt CO₂/yr in 2050.

CEO of energy systems at DNV Ditlev Engel said “Carbon capture and storage technologies are a necessity for ensuring that CO₂ emitted by fossil-fuel combustion is stopped from reaching the atmosphere and for keeping the goals of the Paris Agreement alive. DNV’s first Energy Transition Outlook: CCS to 2050 report clearly shows that we are at a turning point in the development of this crucial technology.”

Last modified on 18 June 2025
Published in Global Cement News
Tagged under
  • global
  • carbon capture
  • CCS
  • decarbonisation
  • Investment
  • Capacity
  • Europe
  • Americas
  • GCW714
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