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ARTICLE · 29 APRIL 2024

European Union Adopts Strategy To Develop Carbon Capture And Storage Technologies

Jones Day
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The European Commission ("Commission") adopted an Industrial Carbon Management Communication ("Communication") on 6 February 2024, outlining...

European UnionEnergy and Natural Resources
Vica Irani
Vica Irani
Françoise Labrousse
Françoise Labrousse
Jeffrey Schlegel
Jeffrey Schlegel
Charlotte Breuvart
Charlotte Breuvart
Philippe Laconte
Philippe Laconte
Raimundo Ortega
Raimundo Ortega
Philipp Werner
Philipp Werner
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In Short

The Development: The European Commission ("Commission") adopted an Industrial Carbon Management Communication ("Communication") on 6 February 2024, outlining the Commission's ambitions for a strategy to boost the deployment of technologies in the European Union ("EU") that can capture, store, transport, and use CO2 emissions from industrial facilities.

The Background: The EU is committed to reaching net-zero CO2 emissions by 2050 and is implementing a comprehensive policy framework to reduce net emissions by at least 55% by 2030. Technologies for carbon capture and storage ("CCS") and carbon capture and utilization ("CCU") (together referred to as "CCUS"), can play an important role in the EU's decarbonization efforts.

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