Carbon Capture Summit | 5th-6th October 2022 | Sydney Masonic Centre, Australia

OVERVIEW

The world is confronting a climate crisis. Officials and CEOs are under escalating pressure to deliver the market’s demand for environmental protection. According to a roadmap published by the Commonwealth Scientific and Industrial Research Organization (CSIRO) on Friday, CCU technologies could help Australia transition to a net zero emissions future while stimulating economic growth. While Deloitte Access Economics estimates a new growth recovery grows Australia’s economy by $680 billion (present value terms), increases GDP by 2.6% and adds over 250,000 jobs by 2070.

The CCS technology is essential to meeting the goal of a net carbon zero economy by 2050. Based on IEA, power and industrial facilities have the capacity to capture more than 40 MtCO2 annually. This shows great potential for the businesses at the forefront. According to an analysis by The Fortune Business Insights, the global CCS market is projected to grow from $2.01 billion in 2021 to $7.00 billion in 2028 at a CAGR of 19.5%. This recent analysis could prompt more companies to plan pipeline of projects to accelerate the delivery of 1.7 billion tonnes of CO2 capture deployed by 2030 in the Net Zero by 2050 scenario.