- To reach net-zero by 2050, Europe must capture and store 280 million tonnes of CO₂ annually by 2040. But capturing CO₂ isn’t enough—it must be transported and stored. Currently, progress is stalled by uncertain demand, fragmented policies, and lack of funding. Without a robust transport network, industrial decarbonization will fail. Key Challenges & Solutions:
- National Strategies: Few EU countries have clear plans for CO₂ transport. National roadmaps are needed to map capture, transport, and storage routes, along with financial incentives.
- Regulation: Emitters won’t invest in capture without transport, and transport won’t be built without demand. Regulated access, fair pricing, and public funding is needed to break this deadlock.
- Standards: Inconsistent technical rules create confusion and risk. EU-wide standards for CO₂ transport would boost safety, public trust, and investment.
- Funding / De-risking: High upfront costs deter private investors. Targeted EU funds, guarantees, and auction mechanisms (like the European Hydrogen Bank) could de-risk projects.
- Cross-Border Cooperation: Storage sites are scarce in Southern Europe. Partnerships with the UK, Norway, and Mediterranean neighbors (e.g., Egypt) could provide solutions, but require aligned regulations and bilateral agreements.
