Global CCS capacity grew by a third, but much more needed - report

OSLO (Reuters) - Global carbon capture and storage capacity grew by a third in the past year, but it was far too slow to meet global climate targets, the Global CCS Institute said on Tuesday.

Globally, there were 26 commercial CCS facilities in operation able to capture about 40 million tonnes of carbon dioxide (CO2) per year, mainly related to CO2 use for enhanced oil recovery, a report on the technology's deployment showed.