The International Energy Agency has established that carbon capture and storage (CCS) is a critical component in reducing greenhouse gas (GHG) emissions. The cost to capture CO2 has often been cited as a major impediment to the deployment of CCS. However, costs vary considerably across different industrial sectors. Significant opportunities for CCS deployment can be found in lower-cost sectors. In addition, research and development efforts are underway to substantially drive down costs in all sectors. This briefing will provide information regarding the status of carbon capture technology, including current costs and projected improvements in cost and performance associated with R&D efforts.