Global Underground CO₂ Storage Hits Record 43.6 Million Metric Tons in 2024, Report Shows

A new comprehensive record of geological carbon dioxide storage reveals that 43.6 million metric tons of CO₂ were sequestered underground in 2024 alone, marking a new annual high. The data, published today, also shows that 421.7 million metric tons have been stored over the past three decades. This milestone underscores the growing role of carbon capture and storage (CCS) in global climate strategies, as countries and companies race to meet net-zero targets. The record year reflects increased investment and project deployment, though experts note the scale remains far below what is needed to limit warming to 1.5°C. The figures provide a benchmark for policymakers and industry, highlighting both progress and the urgent need for accelerated action. The next few years will be critical in determining whether this momentum can translate into the gigaton-scale storage required by mid-century.