Carbon capture and storage (CCS) is a key technology for supporting the energy transition and achieving a net zero future. It involves the capture of carbon dioxide (CO2) from diverse sources, followed by transportation (where required) and subsequent safe storage underground. CCS captures CO2 directly from the atmosphere and/or from high-emitting industrial sources. CCS has significant potential to reduce and remove emissions in diverse and hard-to-abate sectors. Sectors such as industrial manufacturing (e.g., cements), oil and natural gas, and power generation can apply CCS technology to reduce their emissions and achieve their carbon neutral goals.
The Carbon Capture and Storage Process
How Verra Advances Carbon Capture and Storage
Verra is the standard setter for the CCS+ Initiative, which involves stakeholders across diverse industries. The initiative is developing a CCS methodology for use in Verra’s Verified Carbon Standard (VCS) Program that will be instrumental in accelerating the development of a broad range of CCS and utilization projects.
The methodology is being advanced through a phased and modular approach. The focus of the first phase will be geological storage in saline aquifers and depleted oil and natural gas reservoirs. Subsequent phases will focus on carbon capture utilization and storage, and geologic carbon mineralization.