1、Carbon capture and storageA carbon removal investment framework Strategy&|Carbon capture and storage2ContactsGermanyDr.Peter GassmannGlobal Strategy&Leader,PwC Strategy&Germany+49-69-9716-7470peter.gassmann Robert BischofPartner,PwC Strategy&Germany+49-175-560-About the authorsDr.Peter Gassmann is a

2、 Partner with Strategy&Germany based in Dusseldorf and Global Strategy&Leader.Robert Bischof is a Partner with Strategy&Germany based in Munich and ESG Leader for Strategy&Europe.Kelsey Pace is a Manager with Strategy&Germany based in Dusseldorf.She advises chemical and industrial product companies

3、on ESG strategy.Ferdinand Habbel is a Senior Associate with Strategy&Germany based in Munich.He advises international clients on ESG strategy and transformation.Lukas Wendt is an Associate with Strategy&Germany based in Berlin.He advises technology and telecommunication companies on ESG strategy.The

4、 authors would like to thank Adrian Del Maestro and Sammy Lakshmanan for their valuable contributions to the study.Strategy&|Carbon capture and storage3Heat waves,droughts,and forest fires across Europe and America epitomize how important consistent and rapid action on climate change is.The race to

5、develop technologies that help mitigate climate change is on.Carbon Capture and Storage(CCS)technologies have faced criticism in the past,based on their environmental impact and their use by the fossil fuel industry.However,the Intergovernmental Panel on Climate Change(IPCC)has concluded that CCS wi

6、ll be a necessary part to bring global carbon dioxide emissions to net zero by 2050.1Strategy&has developed a framework to assess the risks and benefits of CCS tech-nologies,and how to ensure their efficient deployment,depending on local conditions and circumstances.The framework identifies the foll