This is a hybrid event, both in person and online. 

To achieve the goal of the Paris Agreement of pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels, countries must severely reduce their emissions and reach a net zero economy by 2050. In this framework, carbon capture, utilisation, and storage (CCUS) technology is necessary to achieve ambitious climate targets. However, its deployment is still way below the needed levels.

This event aims at exploring:

• The CCS provisions in the Net-Zero Industry Act;
• The elements that ought to be included in the upcoming COmmission’s strategy on CCUS.

In the Brussels bubble, and in the EU, interest in CCUS is growing more and more. In particular, 2023 seems to be an important year: the Net-Zero Industry Act introduces a provision for an injection target capacity while preparing for issuing a Communication on a CCUS strategy. Internationally, CCUS is also increasingly capturing the attention of policymakers and those that are under obligation to meet the net-zero target. 

Nevertheless, the European Union is still far away from achieving the level of deployment of CCUS technology that is required for achieving its climate targets and climate neutrality. There are still a lot of unknowns and elements that need to fall in place.

Workshop materials:

Agenda

ERCST presentation