CARBON capture and storage (CCS) projects offer energy companies and nations an opportunity to meet climate ambitions, but government funding is necessary - at least in the short term. CCS has been touted as a potential emissions-reduction solution for decades, but the high cost of the technology has meant only a handful of small projects have so far been built - with Norway's Equinor leading the way. Capturing and storing the carbon dioxide from oil and gas operations is pure added cost and will always be uneconomic without a very high carbon price. The price of a large-scale CCS system, with CO2 pipelines and offshore storage capable of storing millions of tonnes of carbon dioxide, would cost hundreds of billions of dollars -a cost that would be difficult for either players in the private sector or state-owned companies to bear.
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