Carbon Capture and Storage (CCS) is an indispensable clean energy technology that is vital to mitigating against CO2 emissions from industrial source points. The importance of the technology is outlined by Intergovernmental Panel on Climate Change (IPCC) and International Energy Agency (IEA) in that the annual CO2 storage rate needs to get to 10 Gtpa by 2050, which is only achievable through the deployment of CCS technologies.
Although there are arguments that the deployment of CCS in the value chain of the fossil fuel industry offers extension to the end-of-life of the industry, the oil and gas industry and its value chain offer low-hanging fruit opportunities that can facilitate massive deployment of CCS technologies. It is on this note that this report presented below offers insight into how Nigeria can leverage the low-hanging fruits of the value chain of its oil and gas sector to deploy CCS as an energy transition technology, and attain its net-zero target by 2060.