Q&A: The EU industrial carbon management strategy

(Clean Energy Wire, 2 Feb 2024) The European Commission is set to present its first proposal on 6 February for an EU strategy for capturing, transporting, trading, permanently storing and using carbon, as an essential part of its move to climate neutrality by 2050.

A leaked draft of the proposal shows that the Commission aims to set up "a European single market for industrial carbon management," to be ramped up over the coming years and decades, to ensure that by mid-century, residual greenhouse gas emissions can be balanced out through CO2 removals. This Q&A explains why the EU is working on the strategy and dives deeper into its crucial elements.

Content

  1. Why is the EU working on an industrial carbon management strategy?
  2. How much CO2 will be captured in the EU?
  3. How much CO2 must be removed for EU greenhouse gas neutrality by 2050?
  4. How much CO2 will be stored in the EU?
  5. What is the role of CCS vs. CCU?
  6. What does the strategy say about transporting CO2?
  7. How can a European single market for industrial carbon management be financed?
  8. How did experts react to the leaked draft?

Note: This factsheet will be updated when the Commission presents its proposal on 6 February.

External link

Clean Energy Wire, 2 Feb 2024: Q&A: The EU industrial carbon management strategy