Abstract
Achieving global net zero emission (NZE) goals necessitates trillions of US$ of annual investment in various mitigation technologies. While a significant portion of this investment is expected to take place in mainstream mitigation technologies (e.g., renewable energy), low carbon technologies (e.g., CCUS) are also considered among the key enablers, especially in hard-to-abate sectors. However, the lack of a globally recognized environmental, social, and corporate governance (ESG) taxonomy and disclosure standards hinders efforts to scale up the necessary finance, especially in the case of CCUS investments. Establishing more holistic global ESG guidelines, including more explicit guidance on the reporting of CCUS-related activities, can accelerate the global sustainable energy transition.
