Carbon capture and storage (CCS) refers to a chain of technologies deployed to capture, transport and store CO2 away from the atmosphere, mitigating its warming effect on the climate. For each step in the CCS process, a range of technologies has been developed and tested for different industries and operating conditions, making CCS a complex value chain rather than a single, “off-the-shelf” technology as it is sometimes portrayed.
On July 16, 2019, then-candidate to the presidency of the European Commission, Ursula von der Leyen published a series of political guidelines, stating “we need to tap into private investment by putting green and sustainable financing at the heart of our investment chain and financial system.
In January 2021, the International Energy Agency (IEA) and RTE, French transmission system operator (TSO), published a study concerning the technical feasibility of a power system with a high share of renewables in France towards 2050.
The European Green Deal marks a turning point for energy and climate policy in Europe. Achieving net-zero greenhouse gas emissions for the EU as a whole will require an overhaul of the way energy is produced and used, across all sectors and regions. In this context, the coal industry is among the first targeted by policymakers: primarily used in power generation and in industrial processes, coal is a highly carbon intensive energy source, accounting for 31% EU ETS emissions in 2019.