Challenges and Potential of Carbon Capture and Storage in Brazil

Carbon capture and storage (CCS) is gaining momentum globally, with countries like Brazil increasingly incorporating it into their climate mitigation strategies. This technology, which involves capturing carbon dioxide emitted by industries and storing it geologically, presents a critical tool for achieving the Paris Agreement's emission reduction goals. However, the successful implementation of CCS in Brazil hinges not only on technological advancements but also on the creation of an appropriate regulatory framework and economic signals to attract necessary structural investments. This was highlighted at a panel discussion organized by ANP, bringing together representatives from both public and private sectors. According to Isabela Morbach Machado e Silva, co-founder of CCS Brasil, regulations in carbon markets will be crucial for creating demand for this technology by establishing clear pricing for CO₂ emissions. The expert emphasizes that the CCS should be considered part of broader emission reduction strategies, complementing other initiatives more directly targeting industries like cement and steel where complete elimination of gases is unfeasible. The challenge now lies in translating accumulated knowledge into concrete projects, a task requiring coordination between government, academia, and industry. Macro-economically, effective implementation of CCS in Brazil could have significant implications for the energy and industrial sectors, potentially enhancing technological innovation and competitiveness among domestic companies in the global clean energy market.