Energy Transition

Carbon capture needs over 100-fold scaling to hit net-zero targets, says McKinsey

As much as $130 billion will have to be deployed on a yearly basis to achieve the kind of scaling up that is needed

Maxing: McKinsey says the carbon capture sector has to develop new business models to generate revenues and move away from insufficient state subsidies.
Maxing: McKinsey says the carbon capture sector has to develop new business models to generate revenues and move away from insufficient state subsidies.Photo: REUTERS/SCANPIX
London
Published 31 October 2022, 19:32Updated 2 November 2022, 17:02
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