×
×
Policy & Regulation

Next five years crucial for CCS development

Higher carbon prices and policy support may boost the prospects for the commercialisation of carbon capture and storage over the coming years Higher carbon prices and policy support may boost the prospects for the commercialisation of carbon capture and storage over the coming years.
By Anna Gumbau 6 November 2019 Europe & Russia / Policy & Regulation 0 34760
Equinor CEO Eldar Saetre (left) at a MOU signing ceremony for Northern Lights in September with Fortum Executive VP Per Langer. (Arne Reidar Mortensen/Equinor)

Developing technology for carbon capture, storage and use (CCSU) at scale is critical for the future of gas in Europe, but little progress has been shown to date.

Industry leaders attending the European Annual Gas Conference (EAGC) in Paris on Wednesday broadly agreed that the next five years will be crucial for the deployment of CCSU.

Europe is committed to meeting a net-zero emission target by 2050, and this can be reached only if CCSU is implemented on a large-scale. Currently only around 30 mt of CO2...