Financial sector stakeholders, private sector representatives, government authorities, and climate experts recently gathered to discuss how to mobilise finance for carbon capture and storage (CCS) to deliver on climate ambition and meet the Paris Agreement commitments.
At the London-based conference hosted by the CCS Institute, participates acknowledged that the financial sector can unlock and facilitate capital flows supporting the scale-up of CCS.
“Global investment in energy was around $1.8 trillion in 2018, with limited investment in commercial scale CCS facilities. Perceived and actual risk are currently undermining and limiting capital flows into CCS deployment,” said Brad Page, CEO of the Global CCS Institute.
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