Building momentum for the long-term CCS deployment in the CEE region
The project addresses the “Climate Change Mitigation and Adaptation” programme area of the EEA and Norway Grants Fund for Regional Cooperation, by focusing on the challenge of achieving the deep reduction of GHG emissions through deployment of carbon capture and storage (CCS) and carbon capture, utilization and storage (CCUS) technologies.
CCUS/CCS deployment can contribute to the deep decarbonization of all sectors in the European economy, to achieve the ambitious goal of climate neutrality by 2050. Deploying these technologies may reduce industrial emissions, provide low-carbon industrial heat and improve the security of electricity supply by complementing short-term energy storage. However, the large-scale implementation of CCS/CCUS requires a long-term policy framework. Furthermore, at the moment the topic is not present in the mainstream debate on climate policy in Central and Eastern European (CEE) countries. This may lead to uneven progress in CCS deployment across Europe, resulting in increased catching-up costs as well as missed opportunities for national development and regional cooperation. This project is designed to counteract this scenario.
The project aims to renew the discussion on the long-term deployment of the Carbon Capture and Storage (CCS) technologies in the CEE region, leading to the new policy developments and joint projects in this area.
EEA and Norway Grants Fund for Regional Cooperation.
The EEA and Norway Grants are funded by Iceland, Liechtenstein and Norway. The Grants have two goals – to contribute to a more equal Europe, both socially and economically – and to strengthen the relations between Iceland, Liechtenstein and Norway, and the 15 beneficiary countries in Europe. The objective of the Grants is to reduce social and economic disparities and strengthen bilateral relations. This strengthens the internal market, leading to a more prosperous Europe.