CO2 underground storage is a safe and mature technology ready for broad implementation, as evidenced by over twenty years of successful storage offshore in Norway, combined with more recent onshore storage in Canada and the USA. In Europe, CCS benefits from a clear set of regulations and requirements under the 2009 EU CO2 Storage Directive that ensure the identification of appropriate storage sites and the safety of subsequent operation.
Areas of importance for R&I activities – input to DG RTD, European Commission (EC), by the Zero Emissions Platform (ZEP) and the European Energy Research Alliance (EERA) and with input from the CCUS SET-plan IMPACTS9 consortium.
Zero Emissions Platform (ZEP) would like to thank the European Commission for the opportunity to be part of the technical workshops on 5 and 6 February.
ZEP is delighted to see that the Innovation Fund has benefitted from the in-depth NER300 post-investment review. Among the many lessons learned, the most important one was that the difficulty arising from the counterparty risk due to the full value chain applications, hindered many CCS projects from successfully seeking funding from the NER300.
The JRC POTEnCIA Central Scenario describes the evolution of the EU energy system from 2018- 2050 based the policy landscape at the end of 2017. The objective of the report is to purely serve as a reference document to which future policy targets or reporting can be compared against. This was performed not only Europe wide but individually for each member state, and the report provides detailed graphics of each member state. Furthermore, this report highlights the disparity between EU and Member State ambition and the policy framework which underpins those ambitions.
In the past, when CCS was discussed as the main option to decarbonise coal-fired power plants, a CO2 capture rate of 90% was adopted as standard, regardless of the technology type, the location or fuel type. However, this standard value, adopted so ubiquitously, is actually an artificial limit.