A trillion-dollar boom in the carbon offset and CCUS markets is predicted by 2050

Overcoming ecosystem obstacles is key to seizing the opportunity over the next 25 years, Wood Mackenzie says.

Global carbon markets are poised for transformative growth. Two key strategic areas have become critical components of global decarbonization efforts: carbon capture, utilization, and storage (CCUS) and carbon offsets. Wood Mackenzie’s two long-term outlook reports forecast substantial growth in market size, which will exceed trillions of dollars in value by mid-century.

The CCUS will experience a crucial year in 2025

While the first half of the decade has been characterized by capacity growth for announced projects, Wood Mackenzie now expects to see increased attention to project execution. Wood Mackenzie’s research teams on carbon markets and CCUS predict that increased demand, evolving policies, strategic corporate agreements, and technological advancements will drive a strong growth trajectory for both sectors.

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