Carbon capture technology is a process that captures carbon dioxide (CO2) emissions from industrial processes, such as power generation or industrial activity, and stores them in a long-term storage location. The technology involves three stages: capture, transport, and storage (or usage) of CO2. The main methods for capturing CO2 are post-combustion, pre-combustion, and oxy-fuel combustion. The captured CO2 is then transported from where it was produced, via ship or in a pipeline, and stored deep underground in geological formations.

Carbon capture technology can help prevent global warming by reducing carbon emissions. It is a key method for fighting climate change and is set to play a central role in helping us reach net zero by 2050. The technology can capture around 90% of the CO2 present in flue gas, and it is technologically possible to achieve higher capture rates.

Carbon capture technology takes two basic forms: biological carbon capture and storage and artificial/geological carbon capture and storage. Biological carbon capture and storage occurs when the natural environment, such as forests and oceans, sequesters CO2 from the atmosphere. Artificial/geological carbon capture and storage occurs when CO2 as an emission is extracted from human-made processes and is stored in vast underground facilities.

Governments can play a key role in the development of carbon capture technology by coordinating hub development through competitive solicitations that encourage collaboration across multiple sectors. Carbon capture technology is still being developed globally, with individual countries creating strategies that respond to their own net zero goals.

In summary, carbon capture technology is a process that captures carbon dioxide emissions from industrial processes and stores them in a long-term storage location. The technology involves three stages: capture, transport, and storage (or usage) of CO2. Carbon capture technology can help preve...