A new political reality in EU and beyond with climate change at the heart.
With the European Green Deal and European Climate Law, the European Union has increased its climate ambitions and formalised its support for the target of climate neutrality by 2050. Related to the European Climate Law, the European Commission has recently proposed to increase the current 2030 greenhouse gas (GHG) emissions target to reflect the increased climate ambitions of the EU. The Commission’s proposal – currently in negotiation with the European Parliament and Member States – outlines a plan to increase EU GHG emissions reduction target to at least 55% compared to 1990 levels by 2030 within the European Union.
The increased EU ambition for GHG emissions reduction by 2030 will make the role of CCS even more critical and the large-scale deployment of CCS within the 2020s becomes crucial to support the climate ambitions of the European Union.