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Climate Targets And Financial Challenges In The Global South: The Case Of Carbon Capture And Storage

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This analysis reveals CCS’s potential to meet climate change goals in developing countries, highlighting associated financial challenges.

CCS technologies can significantly contribute to reducing carbon emissions in hard-to-abate sectors, yet adoption may be hindered.
Financial challenges are a major barrier to implementing CCS in developing and least-developed countries, impacting climate goals.
The relationship between climate change and CCS suggests a critical role for CCS in the global climate agenda, despite scalability issues.
Cost constraints related to CCS could limit its effectiveness in achieving sustainable development and climate mitigation in the global south.

Pereira et al. (2025) studied this question.

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This analysis reveals CCS’s potential to meet climate change goals in developing countries, highlighting associated financial challenges.