background image

Green groups wary as EU bets on future carbon capture

author image

By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:

🗞️ Driving the news: As the EU hosts a summit on carbon capture and storage (CCS) in Pau, France, environmental groups criticize the technology’s viability and cost
• A new report finds CCS projects across Europe could cost up to €520 billion, with €140 billion needed in government support

🔭 The context: Despite CCS’s 50-year history of limited success, the EU considers it essential to achieving net-zero emissions by 2050
• However, critics argue that CCS benefits the fossil fuel industry and diverts resources from more effective climate solutions, citing failures in past projects

🌍 Why it matters for the planet: As climate goals near, reliance on costly, unproven technologies like CCS could delay crucial action on emissions reductions, potentially worsening climate impacts

⏭️ What's next: The EU recently passed legislation requiring oil and gas companies to deploy CO2 storage by 2030
• However, many countries have yet to provide data needed to enforce these targets, complicating efforts to scale up CCS

💬 One quote: "Relying on CCS... will force European governments to introduce eye-wateringly high subsidies," – Andrew Reid, energy finance analyst at IEEFA

📈 One stat: The Northern Lights CCS project in Norway stores just 1.5 million tonnes of CO2 annually, far below the EU's 50 million tonne goal for 2030

Click for more news covering the latest on carbon

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)