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Energy Transition Outlook

DNV’s first global forecast on the future of carbon capture and storage (CCS)

Carbon capture and storage: from turning point in 2025 to scale by mid-century

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Our latest Energy Transition Outlook report highlights that the turning point for CCS is now, with capture and storage capacity expected to quadruple by 2030. Yet momentum is not guaranteed. Economic uncertainty, shifting policy signals, and underinvestment could stall progress and widen the gap between what’s forecast and what’s ultimately required for large-scale decarbonization.

DNV’s Energy Transition Outlook: CCS to 2050, released on 12 June, presents DNV’s first global forecast for how carbon capture and storage (CCS) will continue to scale across sectors and regions to mid-century and what will drive uptake.  

Policy support, economic resilience, and sufficient investment are all critical to maintaining momentum. The report highlights how progress could stall without clearer mandates and stronger financial signals.      

What’s inside:

  • Global CCS deployment outlook to 2030, 2040, and 2050
  • Sector-specific insights: natural gas, hydrogen, manufacturing, transport, etc. 
  • Regional trends across North America, Europe, China, the Middle East and more
  • Cost variation by sector and region and cost trajectories to 2050
  • How carbon markets will drive demand for the more expensive end of CCS technology, carbon dioxide removal

Whether you’re in energy, industry, finance or policy, the insights in this report will help inform your CCS strategy.

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