<p><em><u><strong>Event Information</strong></u></em></p>

<ul style="margin-left:40px">
	<li>CEO Roundtable</li>
	<li>Assessing The Role of Carbon Capture Utilisation and Storage (CCUS)</li>
	<li>08 June 2022</li>
</ul>

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<p><em><u><strong>Background Context </strong></u></em></p>

<p>Carbon capture and storage (CCUS) or carbon capture, utilisation, and storage (CCUS), is a suite of technologies to capture CO2 from carbon-emitting processes and to store it safely for the long term in underground rock formations or convert it into useful products or stable minerals. CCUS involves three steps aimed at reducing the release of anthropogenic CO2 emissions into the atmosphere. Carbon dioxide is captured from anthropogenic sources; it is transported to the injection site; and permanently stored in geological storage or utilised.</p>

<p>&nbsp;</p>

<p>The Paris Agreement on climate action, and the IPCC report on the impacts of warming of 1.5&deg;C above pre-industrial levels, emphasize the importance of a range of different low carbon approaches in limiting dangerous climate change. Carbon capture, utilisation, and storage (CCUS) is growing in importance, as one of the technologies to mitigate the emissions of carbon dioxide into the atmosphere. CCUS features widely in the Nationally Determined Contributions (NDCs) submitted in terms of the Paris Agreement by several countries. More than 13 countries, plus the EU, mentioned it in their submissions, including major oil producers (Iran, Iraq, Saudi Arabia, UAE, Norway, Mexico) and major emitters (China, EU, Japan, South Africa).</p>

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