EU sets out ambitious carbon management strategy

Significance The proposals represent a major shift towards activism in the EU’s approach to Carbon Capture and Storage (CCS). Demand will come from storage sites and the production of sustainable, fuels, chemicals and other products. Supply will primarily come from industrial process emissions and then biogenic and atmospheric carbon removals. Impacts The high call on renewable energy will support renewables' deployment and both hydrogen and renewable power imports. The focus on industrial process emissions suggests relevant projects will attract early funding. State funds will be required to bridge the gap between investment needs and clear returns for carbon capture and transport infrastructure.