Global investment in carbon capture and storage projects hit $6.4 bn in 2022: KAPSARC official 

RIYADH: The volume of global investment in carbon capture and storage projects has hit $6.4 billion in 2022, said Fatih Yilmaz, an expert in the Climate and Sustainability Program at the King Abdullah Petroleum Studies and Research Center. 

Speaking during a panel discussion on carbon management techniques with the International Energy Forum and the Clean Energy Forum in Riyadh, Yilmaz highlighted that the average investment in CCUS projects ranged from $2 billion to $3 billion annually until 2022.