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The Role of Carbon Technologies in the
                                        "Net Zero" Target

            generation makes up one third of the global CO2 emissions, and the demand
            for the sector is increasing every day. The power plants around the World that
            run on coal produce 2.000 GW of power in total, and as of 2030, there will
            be a 500-GW capacity increase. Today, the natural gas facilities in Asia are 19
            years old. Coal-based power plants, on the other hand, are only 12 years old
            and they have a financial life-span of decades ahead. If these facilities are not
            closed, CCUS technologies may support a fair transition towards a low-carbon
            economy (GCCSI, 2020).
               In addition, when the role of natural gas in the energy system in the
            upcoming decades is considered, CCUS is an important solution to mitigate
            CO2  emissions  from  processing  natural  gas.  Natural  gas  reserves  may
            contain CO2 in large amounts, up to 90%, and this CO  has to be removed
                                                              2
            for technical reasons before the gas is dissolved or processed for liquefied
            natural gas (LNG) production. The removed CO  is typically released into the
                                                       2
            atmosphere, but could be re-injected into geological formations or used for
            EOR. Today, the amount of CO  captured in the natural gas processing sector
                                        2
            and usually used for EOR is around 26 Mt/year, and this makes up over half the
            total amount of captured CO2 (GCCSI, 2021b).
               According  to  IEA  Sustainable  Development  Scenario,  (this  scenarios
            is the focal point of IEA Energy Technology Perspectives (ETP) Model
            , and is used for meeting the technological needs towards reaching “net
            zero“ emissions in a realistic and cost-efficient way) by 2070, the cumulative
            contribution  of  CCUS  to  emission  mitigations  in  iron  &  steel,  cement,
            chemicals,  fuel  transformation,  and energy  production  will  vary from  16%
            to 90% (see Figure 4) (IEA, 2020a). The fuel transformation sector shown in
            the  figure  consists  of  biofuel  facilities  and  fossil-fuel-based  hydrogen  and
            ammonia production facilities.





















                           Figure 4: The contribution of CCUS in sectoral CO
                                                                 2
                 emission mitigations in the IEA sustainable Development Scenario (IEA, 2020a).

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