CCS is a key technology that helps reduce carbon intensity associated with economies and energy supply streams including hard to abate industrial sectors (i.e., cement, steel, chemical production, etc.). It can be used to capture and store carbon dioxide from oil and gas operational emissions, enable the large-scale production of lower-carbon fuels, such as hydrogen, and help directly remove carbon dioxide from the atmosphere when combined with bioenergy or Direct Air Capture technologies.

IOGP supports the deployment of CCS by convening technical expertise, sharing good practices to support projects progressing past key milestones.

IOGP’s guiding principles related to CCS are:

Support climate objectives

CCS, including the development of CO₂ storage sites and associated (upstream) onshore and offshore transportation infrastructure, as an essential tool supporting global climate objectives.

Legal, policy and investment frameworks

IOGP supports an enabling legal framework, along with funding and de-risking mechanisms, to allow all entities across the CCS value chain to make investment decisions and scale deployment.