The value of CCS and CCU projects to climate change mitigation is crucial, however, how to assess the added value, to be more exact, is complex. There are many factors that could play a major role, such as which boundary conditions and assumptions to use.
With this report, we are introducing three fundamental characteristics for the classification of technologies for climate change abatement of CCU and CCS projects: mitigation effect, net energy consumption, and implementation period. This report also includes examples showing the value of this concept.
This report provides clear and concise definitions of commonly used terms around Carbon Dioxide Removal, to give an overview of existing technologies and their potential for emissions reduction, to identify some examples of European industrial plants that could go carbon negative and to advocate for European CO2 transport and storage infrastructure, a real enabler for large-scale carbon dioxide removals.
ZEP supports the European Union’s commitment to reach climate neutrality by 2050, defined as net-zero greenhouse gas (GHG) emissions by 2050. To this end, carbon capture and storage (CCS) and carbon capture and utilisation (CCU) technologies play a crucial role.
As geological storage sites are not evenly distributed among member states, the large-scale deployment of cross-border, European CO2 transport and storage infrastructure is crucial to reach the European Union’s objective of net-zero GHG emissions by 2050. This infrastructure will enable clean, competitive energy and industrial sectors, early large-scale clean hydrogen and, not least, the delivery of significant volumes of carbon emission reductions and removals.
The Zero Emissions Platform (ZEP) met with Executive Vice President of the European Commission Frans Timmermans and Directors-General Mauro Petriccione of DG CLIMA and Ditte Juul-Jørgensen of DG ENER. The discussion focused on how CCS projects, CO2 infrastructure, and clean hydrogen can play an important role in decarbonising Europe and contribute to the European economic recovery. High-level representatives from the ZEP membership and beyond – presented their ‘shovel-ready’ projects and how they can support Europe’s post-pandemic recovery plan and the EU’s target to become climate-neutral by 2050.
The Zero Emissions Platform (ZEP) and high-level representatives from energy and industry companies attended a meeting with Executive Vice-President of the European Commission Frans Timmermans on 9 July. The discussion focused on highlighting the role of CCS and CCU technologies in the recovery plan and shovel-ready projects were presented, showing the European Commission that CCS is necessary for the EU to reach climate-neutrality by 2050.
The Zero Emissions Platform (ZEP) would like to thank the European Commission for a transparent process leading up to the planned first call of the Innovation Fund. ZEP appreciates the opportunity to provide feedback and engage with DG CLIMA at the Expert Group meetings, as well as in bilateral meetings, and is thankful for the timely updates provided at the ZEP Advisory Council meetings and network meetings.
ZEP has provided input to DG CLIMA to highlight some issues that arise in the current state of design of the Innovation Fund, which ZEP believes are considerable and could have negative effects on the possibility to reach the EU target of net-zero GHG emissions by 2050.