The EU emits almost 4.5 billion tonnes of CO2 equivalent per year. This amount will need to be drastically reduced to transform the EU into a net-zero emitting economy, and one of the solutions involves the capture and storage or utilisation of CO2.
By capturing and storing CO2 underground, its accumulation in the atmosphere is avoided, and so are the resulting effects on climate. This process is known as Carbon Capture and Storage (CCS).
Alternatively, the captured CO2 can also be employed in processes and products. This is known as Carbon Capture and Utilisation (CCU), and it helps to abate fossil fuel CO2 emissions temporarily or permanently, depending on their specific final use. By capturing carbon emissions or taking carbon out of the atmosphere, these two technologies help to achieve our EU common goal of carbon neutrality. If we are serious about reaching this goal we must include both CCU and CCS (CCUS together).
For this reason, CCUS needs to be part of EU long term strategy. The capture of CO2 can essentially take place in two ways, namely (i) straight from flue gas of industries such as steelmaking, which we will refer to as Point Source Capture or (ii) from the atmosphere, a process known as Direct Air Capture (DAC).
Read more in the position paper: eteurope.eu/position-papers/