The CCUS process consists of three stages: capture, transport, and storage, or usage of CO₂. Deal count showed a slight increase in 2022, rising to 734 from 704 in 2021 the deal value decreased slightly to USD 13.8 billion from USD 14.1.Ĭarbon capture, usage, and storage, aka CCUS, refers to a suite of technologies that enable the mitigation of CO₂ emissions from large point sources such as power plants, refineries, and other industrial facilities, or the removal of existing CO₂ from the atmosphere.
In 2022, total VC investment in areas including carbon capture, utilization, and storage carbon accounting and fintech industrial decarbonization land use decarbonization and built environment decarbonization was nearly identical to 2021. According to PitchBook, in 2022, a difficult year for private markets, carbon and emissions technologies defied this trend. Venture capital has already seen opportunities in carbon-capture technologies. launched four programs aiming to “help accelerate private-sector investment, spur advancements in monitoring and reporting practices for carbon management technologies, and provide grants to state and local governments to procure and use products developed from captured carbon emissions.”Ĭarbon-Capture Technologies and Venture Capital In addition, in the fourth quarter of 2022, the U.S. Meanwhile, the United States passed the Inflation Reduction Act, which provides large investments in reducing carbon emissions and fighting climate change. In the EU, the European Commission proposed establishing an EU framework for the certification of carbon removal, thereby increasing confidence in carbon removal certificates. In the first week of 2023, the German and Norwegian governments agreed to cooperate in accelerating the deployment of carbon-capture and storage technologies. Germany, in particular, has returned to coal to replace Russian natural gas but is interested in advancing carbon-capture technology. Thus, governments are planning new initiatives to meet the target, including energy efficiency, renewable energies, and carbon capture. Government Initiatives for Carbon CaptureĬoal use puts at risk the European Union 2050 net-zero emissions target.
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