The global push towards net-zero emissions by 2050 has put the spotlight on carbon capture technologies as a crucial tool in combating climate change. With over 140 countries committing to this target, the need for scalable emission reduction solutions like CCUS is more pressing than ever. The article draws insights from IDTechEx's report on CCUS markets, highlighting the importance of carbon capture in decarbonizing existing assets and industry sectors. It discusses the evolution of CCUS projects over the past 50 years, the rise of carbon capture capacity globally, and the role of government subsidies and carbon markets in driving CCUS deployment. The article emphasizes the shift towards dedicated geological storage of captured CO2 as a key driver in achieving net-zero targets, outlining the financial challenges and incentives that come with storing carbon underground. It explores the importance of economic mechanisms like tax credits and carbon pricing in motivating companies to adopt CCUS technologies, with examples like the US 45Q tax credit policy leading the way. Furthermore, the article delves into the changes in CCUS business models, such as the transition from full-chain to partial-chain approaches, and the emergence of carbon dioxide transport and storage service providers. It also discusses the expected growth in CCUS storage infrastructure, economies of scale, and the forecasted increase in CO2 storage by 2035. The outlook for industries embracing CCUS technology is also covered, with a focus on sectors with high CO2 emissions in flue gases, alternative revenue generation schemes, and the role of carbon capture in decarbonizing industries like cement production and bioenergy. Overall, the article paints a positive picture of the future of carbon capture, illustrating how it can play a pivotal role in achieving global climate goals and driving the transition towards a low-carbon economy.