Advancing to 2060: Can offsets play a role to grow carbon storage, engineered removals and utilisation?

Geopolitical risks are pushing businesses and government alike to shift goals and finance availability from energy transition to energy security. Most decarbonisation technologies are competing for funds both internally within departments and externally. Low-carbon budgets for many large oil majors are being slashed while they await commercial viability for technologies they are betting as future growth drivers.

In this context, our carbon management team takes a step back to evaluate the long-term outlook for carbon capture, utilisation and storage (CCUS) and the carbon offset market, and the support these sectors draw from each other for enabling growth.

While both sectors face elevated uncertainty, we explore whether this provides cause to pause or presents opportunities for forward-thinking companies. Our recently published market outlook reports conclude that near-term trajectories will be affected by various external factors, though the interlinkages between CCUS and carbon offsets will remain as both markets grow substantially in the long-term.

Join our panel of research experts who will exchange views on prospects and the support that CCUS and carbon offsets draw from each other and find out more about the key drivers and working assumptions shaping our base case scenarios, and the risks which could cause reality to deviate from these.

This session brings together analysts from Wood Mackenzie's CCUS and carbon markets teams to share data and qualitative insights from our market forecasts and is critically relevant for those who are looking at viability drivers for CCUS projects and offsets as a mechanism to drive growth.  

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