CCUS is too expensive, should we focus on cheaper alternatives to meet our climate goals?

We need to use all technologies available to reach net zero. All new technologies are initially expensive. However, as the industry builds the earliest CCUS projects in the UK and Europe (which are receiving private finance alongside government support), innovations and cost reductions will be delivered meaning that projects to follow will be cost effective.  Tackling climate change is an enormous challenge and we will need all low-carbon technologies at our disposal. 

The International Energy Agency (IEA) has estimated that by 2050, the cost of tackling climate change without CCUS could be 70% higher. They also estimate that to reach a 50% cut in global CO₂ emissions by 2050 (widely believed to be equivalent to limiting the increase in global temperature to 1.5 degrees), CCUS will need to contribute nearly one fifth of emissions reductions – across both power and industrial sectors.