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Climate policy decisions that can help drive energy investments
January 24th, 2022
The world is searching for ways to reduce emissions, and the right policies can help get us there. Here are three policy decisions that can help us expand research and development efforts, bringing society one step closer to achieving climate goals.
Every technology begins with inspiration – an idea and a vision for a different way of doing something. The next step is research and development – the intensive technical, scientific work that turns an idea on paper into a technology that works in practice. Then, the final step is critical: How do you scale up a technology into something that can benefit millions, or even billions, of people in the real world?
To scale up a technology like carbon capture and storage, enormous capital investments are required. Entire infrastructures must be designed and built, and deployment at an industrial scale is a decades-long commitment. To make the long-term business case for such an investment, stakeholders expect government policies to support the technology as it scales. In order to make carbon capture a reality, three key policy positions are needed.
An economy-wide price on carbon


A technology-neutral approach
A predictable policy landscape

A challenge for technology … and policy
Finding the right policy solutions to support CCS is as much of a challenge as deploying the technology itself. To help make progress on policy, ExxonMobil continues to engage in efforts to encourage sound and constructive solutions.
We respect and support society’s ambition to achieve net-zero emissions by 2050 and continue to advocate for policies that promote cost-effective, market-based solutions to address the risks of climate change.
Learn more about our investment in energy policy and emerging CCS technologies.
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Capturing carbon around the world
With more than three decades of experience in utilizing existing CCS technologies and exploring new ones, ExxonMobil is progressing CCS deployment through a variety of projects and partnerships across the globe.
Here’s a look at the company’s global carbon capture and storage technology footprint.
Carbon capture Energy Factor