EPG released a policy paper discussing the preliminary outcomes of the EU Horizon2020-project ConsenCUS. The paper sets out a number of policy considerations regarding CCUS deployment in the EU, arising from the project’s findings so far.
The EU has set a clear target to become climate neutral by 2050 – an economy with net-zero greenhouse gas emissions. Technologies to capture carbon emissions and store or reuse them (CCUS) are gaining momentum and can play an important role in reaching the net-zero emission targets of the EU. Industrial sectors will be affected by the transition to climate neutrality and in particular for hard-to-abate sectors, such as the oil refining, cement and magnesite industries, carbon capture, utilisation, and storage (CCUS) will play a crucial role.
The ConsenCUS project consortium is developing an innovative approach for electricity-based capture and conversion of CO2, and providing advice to businesses and policymakers on how to apply these technologies in key industries in the EU.
This first policy paper highlights seven policy considerations and recommendations based on the findings of the ConsenCUS project. These go beyond the well-known challenges for CCUS deployment (such as the lacking regulatory framework, high costs, and suboptimal stakeholder coordination).
The press release may be downloaded below.