
Government subsidies on fossil fuels surged in 2022 in the wake of record high energy prices. Russia’s attack on Ukraine highlighted how dependent the world remains on oil and gas and how much further the energy transition still needs to go.

Government subsidies on fossil fuels surged in 2022 in the wake of record high energy prices. Russia’s attack on Ukraine highlighted how dependent the world remains on oil and gas and how much further the energy transition still needs to go.
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Under CCS, carbon emissions are captured and permanently stored, for example in geological storage sites.
Carbon Capture, Utilisation and Storage (CCUS) is a method of reducing carbon dioxide emissions by trapping the gas for industrial use or permanent storage, preventing its release into the atmosphere.
Technology and nature-based carbon capture are two approaches that are viable and crucial tools needed to stabilise atmospheric concentrations of CO2.
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