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A Successful Parliament Breakfast: Discussing the Future of CCS in Europe

 

On Tuesday 26 November, we had the honor of hosting our Parliament Breakfast, “The Success and Struggles of CCS in Europe: Towards a European Single Market for CO2”, co-hosted alongside Members of the European Parliament (MEPs) Bart Groothuis, Jeannette Baljeu, and Tom Berendsen.

The event fostered a dynamic exchange between industry leaders and policymakers, focusing on the pivotal role Carbon Capture and Storage (CCS) plays in combating climate change. We had an impressive panel of speakers from the CCS value chain, including Ana Mingo from Norsk Hydro, Benedicte Staalesen from Northern Lights, Nick van den Boogaart from Gasunie, and Mark Driessen from Porthos. 

The discussion underscored the pressing need for collaboration and innovation to drive CCS forward. Here are some of the key takeaways:

ETS Challenges: One of the key challenges highlighted during the discussion was the impact of low CO2 prices under the EU Emissions Trading System (ETS). For CCS technology to achieve widespread adoption, industries need stronger financial incentives and regulatory support. Without these measures, the large-scale implementation of CCS remains a daunting task.

Cross-Border Cooperation: The successful expansion of CCS in Europe hinges on effective collaboration beyond EU borders. Countries like the UK and Norway possess significant storage capacities that could play a crucial role in scaling up CCS efforts. Strengthening partnerships with these third countries is vital to building a robust and interconnected European CO2 storage network.

Hard-to-Abate Industries: While renewable energy can decarbonize many processes, industries such as aluminum and lime face unique challenges. These sectors produce emissions as an inherent part of their processes, making CCS the only viable solution to achieve significant emissions reductions. Addressing the needs of these hard-to-abate industries will be central to meeting Europe’s climate goals.

We extend our heartfelt thanks to our exceptional speakers for their valuable insights. A special thank you also goes to our co-sponsoring MEPs for championing this critical cause.

Together, let’s continue to push forward and make CCS happen!