Carbon Capture: EU’s Carbon Management Strategy: Paving the Way to 2040

Source: Scotland Europa Alerts

In a bid to meet climate targets, enhance industrial competitiveness, and bolster energy resilience, the EU is placing significant emphasis on carbon capture and storage (CCS) technologies. The European Commission’s 2023 release of the Net-Zero Industry Act aims to streamline regulations and expedite the deployment of carbon solutions, targeting 50 million tonnes of annual CO2 storage capacity by 2030. However, industry stakeholders highlight gaps in transport and storage infrastructure and call for substantial policy support, particularly for hard-to-abate sectors like cement, steel and chemicals. The Industrial Carbon Management Strategy is seen as pivotal in identifying deployment challenges at scale. A Euractiv virtual conference delves into key questions regarding CCS awareness, the viability of infrastructure development, and necessary policy backing to realise effective transport and storage systems.

Raad more here: https://www.euractiv.com/section/energy-environment/video/the-eus-carbon-management-strategy-and-the-path-to-2040/