Carbon capture and storage (CCS) has struggled to reach a widespread commercial footing in Europe, even as policymakers continue to view it as an essential component to decarbonizing industry. The European Commission believes CCS has an ‘”indispensable” role to play on the road to climate neutrality, but the harsh reality is that Europe has limited operational capacity and is struggling with high costs. Nonetheless, a series of final investment decisions (FIDs) in recent months demonstrate some momentum.
In a recent article from Energy Intelligence, our director Bergur Løkke Rasmussen talked about the need to accelerate the deployment of CCS projects across Europe to meet climate targets and scale up CO₂ storage capacity.
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