The document discusses the current status and outlook of carbon capture, utilization, and storage (CCUS) technologies. It summarizes that CCUS technologies can help achieve ambitious climate targets but that costs are still significant. While the components of CO2 capture, transport, and storage are commercially available, more large-scale projects are needed. The EU is a leader in CCUS research and development funding and publications but lags in venture capital investment compared to other world regions. Further research is also needed to fully understand the environmental and socioeconomic impacts of CCUS technologies.