9/24/2023 0 Comments Carbon sequestration projects![]() ![]() The Intergovernmental Panel on Climate Change (IPCC) has highlighted similar conclusions. ![]() 8.6 GT of CO2 capture by 2050Īccording to the International Energy Agency, it will likely be “impossible” to decarbonise without carbon capture and storage. Progress toward climate neutrality includes commercialising carbon capture and storage technologies, and political will, policy design, and public investment are urgently necessary. This should be a wake-up call for policymakers as the projects’ realisation will hinge on policy support. These announcements signal unprecedented industry interest in developing and deploying carbon capture and storage facilities for a climate-neutral Europe. The Clean Air Task Force’s (CATF) Europe Carbon Capture Project and Activity Map shows more than 40 carbon capture projects have been announced across 13 different European countries. Carbon pricing and carbon border adjustments won‘t do it on their own, says Beck. She ends with policy recommendations that will provide funding and create the markets that will turn CCUS pilots into the Europe-wide system that can capture, transport and store the gigatons of carbon needed. Beck looks at the major issues and emerging trends including industrial clusters, new partnerships and business models. The Clean Air Task Force has created a database of projects and their status which will be continuously updated, along with a useful map. But EU-wide commitment is needed, not least to give clear signals that carbon capture and storage has a commercial future. Norway and the Netherlands are taking those first steps. Now is the time for governments to create for CCUS the kind of policies that accelerated the growth of wind and solar, says Lee Beck at the Clean Air Task Force. Most are yet to become operational, but the commitment from the private sector – ranging from new players to established energy and industry majors – is clear. 13 different European countries have announced more than 40 carbon capture projects. ![]()
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