Currently, CCUS systems capture about 0.1% of global GHG emission per year. That’s only about 6.4 hours worth of worldwide GHG emissions.
The latest projection for total global CCUS capacity by 2030 jumps to just under 37 hours of GHG emissions per year. Even though this is a projected six-fold increase, it still only amounts to a day and a half of the annual worldwide emissions.
More disappointing than the limited amount of carbon capture is CCUS’ carbon endpoint.
BloombergNEF projects that by 2030 two thirds of the captured atmospheric carbon will be buried underground. In other words, treating carbon as a waste to be dumped somewhere and hoping it will never find its way to the surface.