Introduce financial support mechanisms for demonstration and early deployment of CCS, including capital grants and operating support. Recognising that almost three-quarters of CCS deployment must occur in non-Organisation for Economic Co-operation and Development countries, consideration should be given to establishing an international facility to fund a project in an emerging economy.
Implement policies that encourage CO2 storage exploration, characterisation and development. The process to prepare a site for CO2 storage will take several years and work must speed up immediately.
Increase investment in globally co-ordinated research, development and demonstration activities to reduce the cost of capture technologies, including in industrial applications.
Significantly increase efforts to improve understanding among the public and stakeholders of CCS technology and the importance of its deployment.
Encourage efficient development of CO2 transport infrastructure by anticipating locations of future demand centres and future volumes of CO2.