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

Table 1: The number of CCUS facilities around the World

Operational Under Total
development
North America 16 61 76
China 3 3 6
Europe 4 35 39
Gulf Cooperation Council 3 1 4
Other* 2 7 9
Total 28 107 135
* Australia, Brazil, New Zealand, South Korea

Results

In late April, 2021, 44 countries and the European Union announced their
"net zero" emission target (IEA, 2021). After COP 26 climate summit, Türkiye
also joined the countries which announced its "net zero" emission target. The
countries which pledged to have "net zero" carbon emission by 2050 need
to define their emission mitigation goals in detail by 2030. The 17th article of
Glasgow Climate Pact states that by 2030, countries must reach a mitigation
rate of at least 45% compared to 2010. To this end, it is hoped that there will
be a great deal of improvement in the development and practice of CCUS
technologies worldwide, thanks to significant climate action funds supported
by countries and private companies.
The contribution of CCUS in the transition to "net zero" emission is
expected to increase and, by 2070, is estimated to be responsible for about
one-sixth of the cumulative emission mitigation (GCCSI, 2021b). Moreover,
as the industries are moving towards net zero, it is thought that CCUS will
create new branches of low-carbon industries, which will contribute to local
economies and facilitate a fair transition. Carbon markets can create a good
opportunity for capital investment necessary for CCUS practices. It is clear
that to promote short-term CCUS investments; there is a need for more robust
policies.
When all the projections mentioned above and the potential capacity of
carbon trading are considered, it will be essential for Türkiye, to evaluate
the potential for the use of CCUS technologies. This is especially important
considering Türkiye is a country which, at the end of 2022, declared its
Intended Nationally Determined Contribution (INDC) containing the 2030
goals.

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