To reach climate neutrality by 2050, Carbon Capture and Storage (CCS) and Carbon Capture and Utilisation (CCU) technologies will be a critical tool to meet climate targets and safeguard European industrial competitiveness. Moreover, CCS will be critical to enable the development of permanent carbon removals and the transition to a net-negative emissions economy in Europe post-2050.
CCS will be key in the industrial transition towards net-zero GHG emissions – safeguarding jobs, industrial activity and economic growth. The pathway towards climate neutrality will bring about a major transformation of energy-intensive industries, such as cement, lime, steel and chemicals, that are at the core of the European economy. For these sectors and individual facilities therein, CCS is essential to reach net zero and often represents one of the lowest-cost emissions reductions measures. This will help our industries to maintain their industrial activity and preserving important welfare-carrying jobs.