EU clarifies funding scope for CO2 capture technology

(EurActiv, 10 Jul 2019) The European Commission has clarified how it intends to support carbon capture and storage (CCS), a key technology in the fight against global warming which supporters say will enable deep emission cuts in heavy industries such as cement, steel and petrochemicals.

Future EU funding for CCS is likely to focus on transport infrastructure like CO2 pipelines that can collect emissions from several industrial plants, said Artur Runge-Metzger, director at the European Commission’s climate action directorate.

“We know there will have to be a public subsidy for CCS to make it happen in the coming years,” Runge-Metzger said.

“We’re preparing the ground,” he told participants at a EURACTIV event on Monday (8 July).

CCS technology involves capturing carbon emissions from polluting factories and burying them underground, usually in depleted oil and gas fields. The technology, spearheaded by Norway, was initially touted as a silver bullet to cut emissions from coal power stations but failed to take off as renewable energies became cheaper.

Still, CCS is seen as one of the few options available to address emissions from process industries such as cement and petrochemicals, which are heavily carbon-intensive.

In the past, the European Commission has poured money into CCS demonstration plants, splashing more than €500 million over the last decade into costly projects that ended up never seeing the light.

External link

EurActiv, 10 Jul 2019: EU clarifies funding scope for CO2 capture technology