In February 2024, the Commission published the Industrial Carbon Management Strategy which identifies carbon capture and storage technologies as an indispensable technology to achieve the EU’s net neutrality climate objectives by 2050. To achieve this target, the Commission estimates that 280 million tonnes of CO2 will have to be captured and stored by 2040 in order to reach 90% reduction in greenhouse gas (GHG) emissions . By 2050, this number will have to reach 450 Mt.
As of today, no CO2 at all is being captured for permanent storage within the EU.
CCS Europe is an advocacy and communications body supported by technology providers, project developers, industry and environmental NGOs, who share a commitment to achieve significant reductions in CO2 emissions.
CCS Europe’s objective is to secure recognition of the urgent need to deploy carbon capture technologies to curb CO2 emissions from industrial sources and reduce CO2 already within the atmosphere.
CCS Europe will work to encourage European and national policymakers to introduce regulatory and financial instruments that can stimulate the necessary investment.
The focus of CCS Europe will be energy-intensive and hard-to-abate industry that cannot eliminate CO2 emissions other than by capture.
The vast majority of CO2 captured must be permanently stored in deep geological formations to ensure that it never enters the atmosphere. Some quantities of CO2 may also be used in industrial processes that make a contribution to reducing overall emissions.
Our priority is to secure the rapid deployment of carbon capture technologies to curb CO2 emissions from industry and other hard-to-abate sources.