As the only technology that can substantially reduce CO2 emissions from fossil fuels and industrial processes, CCS is an essential component in the vast majority of IPCC scenarios with a likely global global warming of 2°C or less. Indeed, without CCS, it will be extremely difficult to keep the rise in global temperature within the limits set by the Paris Agreement. Yet there is a large disconnect between policy ambitions and technology readiness – and industrial uptake. This is mainly due to the lack of a business model: costs are immediate, but the benefits are long term.