A blog post by the Global Carbon Capture and Storage Institute has covered the views on CCS coming out of the EU Industry Week 2021 held in late February. The takeaways were the following:
The European Commission sees the route to greenhouse gas emissions reductions through both CCS use and renewable energy deployment, and is supporting this through the EU Innovation Fund, the available money of which is tied to the price of carbon permits (which has been increasing of late). Programmes to support CCS are being prepared.
Some attendees felt that regulation within the EU needs to be modified to make transportation of CO2 easier between countries.
Panellist Valborg Lundegaard, CEO of Aker Carbon Capture, was of the opinion (and was surely not alone in having it) that European governments need to move quickly with creating predictable regulations, taxation and incentives so that CCS grows at the rate it needs to do to meet 2050 net-zero goals.