Norway, June 11 -- Cumulative investment in carbon capture and storage (CCS) is expected to reach USD 80 billion over the next five years, according to DNV's new Energy Transition Outlook: CCS to 2050 report.DNV forecasts that capture and storage capacity is expected to quadruple by 2030. Up to now, growth has been limited and largely associated with pilot projects but a sharp increase in capacity in the project pipeline indicates that CCS is at a turning point. The immediate rise in capacity is being driven by short-term scale up in North America and Europe, with natural gas processing still the main application for the technology. In the longer term, CCS is crucial for addressing sectors that are challenging to decarbonize, such as steel ...