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                                    [post_date] => 2025-09-12 11:30:37
                                    [post_date_gmt] => 2025-09-12 01:30:37
                                    [post_content] => The Global CCS Institute is sharing a letter submitted to Nature (journal) in response to the recent study by Gidden et al., “A prudent planetary limit for geologic carbon storage.”

The correspondence offers expert perspective on the study’s findings, drawing on operational experience from CCS projects worldwide. It highlights the urgency of deploying CCS at scale and underscores that timely action is critical to meeting global climate objectives.


The recent study from Gidden et al. published in Nature ("A prudent planetary limit for geologic carbon storage") provides a timely reassessment of global CO₂ storage capacity that reinforces the urgent need for immediate deployment. While their conservative estimate of 1,460 GtCO₂ storage capacity is lower than some previous assessments, it aligns closely with IPCC conclusions and confirms that geological storage remains more than sufficient for CCS to play a crucial role in limiting global warming. The study's finding that CCS could reduce warming by 0.7°C, even under restrictive assumptions, demonstrates its continued necessity, particularly for hard-to-abate industrial sectors like cement, steel, and chemicals where scalable alternatives remain limited. While we agree with some of the key conclusions, the study's methodology applies overly restrictive assumptions about risk and technical parameters of CCS projects. In fact, some of those assumptions contradict real-world operational and project experience. For example, their depth limits of 2,500 meters for subsurface storage ignore successful projects like Northern Lights operating at 2,600 meters, while their 300-meter ocean depth restriction overlooks Brazil's decade-long experience with CO2 injection at 2,000-meter water depths. The study's 25km buffer zone around populated areas also appears conservative when compared to operational experience and discordant with the typical approach to permitting. CarbFix operates at 8km from populated areas and Shell Quest at 15km. Existing projects demonstrate through rigorous permitting and risk assessments that high safety standards can be met in practice. The Institute would generally agree that the research correctly frames geological storage as a finite intergenerational resource requiring strategic management. This supports prioritising CCS for essential applications – industrial point sources that cannot be electrified and durable carbon removal technologies. The critical question is not whether adequate storage capacity exists, but rather the speed at which it can be utilised at scale. Immediate action is imperative: delaying CCS implementation not only jeopardises achieving near-term climate targets, but compounds the future storage requirements and operational complexity needed to meet climate goals. This study reinforces that every year of delay makes climate goals more difficult and expensive to achieve. Rather than constraining CCS ambitions, this research should galvanise efforts to reach the critical 1 GtCO₂ storage target by 2030. Early deployment will provide the operational data needed to refine future capacity estimates and develop robust legal and regulatory frameworks essential for safe, long-term storage operations. The window for effective climate action is narrowing and CCS deployment remains essential to achieving a net-zero future. [post_title] => Response to Gidden et al. ‘A Prudent Planetary Limit for Geologic Carbon Storage’ [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => response-to-gidden-et-al-a-prudent-planetary-limit-for-geologic-carbon-storage [to_ping] => [pinged] => [post_modified] => 2025-09-12 11:30:37 [post_modified_gmt] => 2025-09-12 01:30:37 [post_content_filtered] => [post_parent] => 0 [guid] => https://recyclecarbon.com/?p=1158 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [___content:protected] => [_permalink:protected] => [_next:protected] => Array ( ) [_prev:protected] => Array ( ) [_css_class:protected] => [post_author] => 6 [post_content] => The Global CCS Institute is sharing a letter submitted to Nature (journal) in response to the recent study by Gidden et al., “A prudent planetary limit for geologic carbon storage.” The correspondence offers expert perspective on the study’s findings, drawing on operational experience from CCS projects worldwide. It highlights the urgency of deploying CCS at scale and underscores that timely action is critical to meeting global climate objectives.
The recent study from Gidden et al. published in Nature ("A prudent planetary limit for geologic carbon storage") provides a timely reassessment of global CO₂ storage capacity that reinforces the urgent need for immediate deployment. While their conservative estimate of 1,460 GtCO₂ storage capacity is lower than some previous assessments, it aligns closely with IPCC conclusions and confirms that geological storage remains more than sufficient for CCS to play a crucial role in limiting global warming. The study's finding that CCS could reduce warming by 0.7°C, even under restrictive assumptions, demonstrates its continued necessity, particularly for hard-to-abate industrial sectors like cement, steel, and chemicals where scalable alternatives remain limited. While we agree with some of the key conclusions, the study's methodology applies overly restrictive assumptions about risk and technical parameters of CCS projects. In fact, some of those assumptions contradict real-world operational and project experience. For example, their depth limits of 2,500 meters for subsurface storage ignore successful projects like Northern Lights operating at 2,600 meters, while their 300-meter ocean depth restriction overlooks Brazil's decade-long experience with CO2 injection at 2,000-meter water depths. The study's 25km buffer zone around populated areas also appears conservative when compared to operational experience and discordant with the typical approach to permitting. CarbFix operates at 8km from populated areas and Shell Quest at 15km. Existing projects demonstrate through rigorous permitting and risk assessments that high safety standards can be met in practice. The Institute would generally agree that the research correctly frames geological storage as a finite intergenerational resource requiring strategic management. This supports prioritising CCS for essential applications – industrial point sources that cannot be electrified and durable carbon removal technologies. The critical question is not whether adequate storage capacity exists, but rather the speed at which it can be utilised at scale. Immediate action is imperative: delaying CCS implementation not only jeopardises achieving near-term climate targets, but compounds the future storage requirements and operational complexity needed to meet climate goals. This study reinforces that every year of delay makes climate goals more difficult and expensive to achieve. Rather than constraining CCS ambitions, this research should galvanise efforts to reach the critical 1 GtCO₂ storage target by 2030. Early deployment will provide the operational data needed to refine future capacity estimates and develop robust legal and regulatory frameworks essential for safe, long-term storage operations. The window for effective climate action is narrowing and CCS deployment remains essential to achieving a net-zero future. [post_date] => 2025-09-12 11:30:37 [post_excerpt] => [post_parent] => 0 [post_status] => publish [post_title] => Response to Gidden et al. ‘A Prudent Planetary Limit for Geologic Carbon Storage’ [post_type] => post [slug] => response-to-gidden-et-al-a-prudent-planetary-limit-for-geologic-carbon-storage [__type:protected] => [post_date_gmt] => 2025-09-12 01:30:37 [comment_status] => open [ping_status] => open [post_password] => [post_name] => response-to-gidden-et-al-a-prudent-planetary-limit-for-geologic-carbon-storage [to_ping] => [pinged] => [post_modified] => 2025-09-12 11:30:37 [post_modified_gmt] => 2025-09-12 01:30:37 [post_content_filtered] => [guid] => https://recyclecarbon.com/?p=1158 [menu_order] => 0 [post_mime_type] => [filter] => raw [status] => publish ) [excerpt] => The Global CCS Institute is sharing a letter submitted to Nature (journal) in response to the recent study by Gidden et al., “A prudent planetary limit for geologic carbon storage.”… [isMemberContent] => [userCanAccess] => ) [1] => Array ( [post] => Timber\Post Object ( [id] => 304 [ID] => 304 [object_type] => post [wp_object:protected] => WP_Post Object ( [ID] => 304 [post_author] => 13 [post_date] => 2024-10-15 15:12:14 [post_date_gmt] => 2024-10-15 04:12:14 [post_content] => Key Points
  • The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for the progress of CCS as governments and industry around the world collaborate to reduce greenhouse gas emissions and reach net-zero by mid-century.
  • With 628 projects across all stages of development in the CCS project pipeline, project development activities continue to display strong growth.
  • Global CO2 capture capacity is on track to double to over 100 million tonnes per year (Mtpa) of CO2, once facilities currently under construction commence operation.
  • The cumulative CO2 capture capacity for projects in the CCS pipeline is now 416 Mtpa, representing a 32% Compound Annual Growth Rate (CAGR) since 2017.
  • The business case for CCS globally is being bolstered by strengthening policy, new carbon management business models, and strong interest in CCS hubs and networks.
The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for CCS projects globally, as governments and industry around the world collaborate to reduce greenhouse gas emissions and reach net-zero as quickly as possible. Report findings show strong growth in CCS projects across all stages of development, with a total of 628 projects in the pipeline, an increase of 236 projects compared to the previous year. The cumulative CO2 capture capacity for these projects is now 416 Mtpa, representing a seven-year CAGR of 32%. Facilities currently in operation have a capacity to capture and store 51 Mtpa of CO2. This figure is on track to double to over 100 Mtpa once facilities currently under construction commence operation. Mr Jarad Daniels, CEO of the Global CCS Institute, expressed enthusiasm for the global momentum and progress of CCS saying: “The CCS industry is rapidly maturing and evolving, catalysed by global collaboration, sustained government policy support, and industry action built on decades of shared learnings. This is testament to the urgency with which governments and industries are seeking to address climate change, while continuing to supply the world’s growing population with necessary energy services and commodities.” Regionally, key highlights from the report included:
  • The Americas continue to lead the world in CCS facility deployment, catalysed by sustained policy support and funding incentives: 27 projects are in operation, and 18 are commencing construction across the US, Brazil and Canada.
  • Across Asia, storage hubs and cross-border CCS projects are a major focus and dominant trend, as nations with limited geological storage resources explore opportunities with nations that have large storage resources, to store their CO2.
  • In China, Carbon Capture Utilisation and Storage (CCUS) forges ahead, spurred by climate policy progress, CCUS project deployment, and increased international collaboration.
  • Across Europe and the UK, decarbonisation policies and anticipation of a robust CCS market are driving new projects: 191 projects are at various stages of development in the region, including five in operation and 10 in construction.
  • Across the Middle East and Africa (MEA), CCS project development has evolved from application in enhanced oil recovery to a focus on industrial decarbonisation and low-carbon fuel development.
As progress continues at pace globally, the business case for CCS is being bolstered with the evolution of new carbon management business models and strong interest in CCS hubs and networks. The 2024 status report notes 222 transport and storage projects, which currently do not include an associated capture facility. This number has more than doubled over 12 months. This underscores the predominance of new carbon management business models and the anticipated market for these services.  Institute CEO, Mr Jarad Daniels, elaborated further on the role of hubs and networks saying: “Mitigating climate change will require massive infrastructure investments, including new transmission grids for low-carbon electricity generation, as well as pipelines and shipping for both CO₂ and low-carbon energy carriers such as hydrogen in various forms. Carbon management hubs and networks can help bring economies of scale to this required new infrastructure.” Against the backdrop of exponential growth in CCS projects, ongoing regional progress and the emergence of new carbon management business models, the 2024 status report calls on all stakeholders to maintain the momentum. Mr Daniels concludes by saying: “We are calling on government, industry, communities and all who share our common goal of reaching net-zero as quickly as possible, to work together to continue and improve on our collaborative efforts. Collaboration over decades has taken CCS from early research to where we are today. Although we still face challenges, I am immensely optimistic that these will be overcome by continuing to build and grow key partnerships.” ### About Carbon Capture and Storage:  Carbon Capture and Storage (CCS) encompasses a suite of technologies that capture the greenhouse gas carbon dioxide (CO2), and store it safely and permanently underground, so that it does not reach the atmosphere and contribute to climate change. About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of Carbon Capture and Storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. Headquartered in Melbourne, Australia, the Institute has offices in Washington DC, Brussels, Beijing, London, Tokyo and Abu Dhabi. https://recyclecarbon.com/ Media Contacts Americas: Joey Minervini, Public Affairs Manager Americas, joey.minervini@globalccsinstitute.com APAC: Matt Steyn, Public Affairs Manager APAC, matt.steyn@globalccsinstitute.com  +61 405 018 007 Honor Iosif, Public Affairs Manager APAC, honor.iosif@globalccsinstitute.com +61 466 247 225 China: Yi Wu, Public Affairs Lead China, yi.wu@globalccsinstitute.com Europe/MEA: Daniela Peta, Public Affairs Lead EMEA, daniela.peta@globalccsinstitute.com   [post_title] => Installed CCS capacity on track to double as governments and industry collaborate to advance projects [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => installed-ccs-capacity-on-track-to-double-as-governments-and-industry-collaborate-to-advance-projects [to_ping] => [pinged] => [post_modified] => 2025-08-27 15:13:11 [post_modified_gmt] => 2025-08-27 05:13:11 [post_content_filtered] => [post_parent] => 0 [guid] => https://recyclecarbon.com/?p=304 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [___content:protected] => [_permalink:protected] => [_next:protected] => Array ( ) [_prev:protected] => Array ( ) [_css_class:protected] => [post_author] => 13 [post_content] => Key Points
  • The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for the progress of CCS as governments and industry around the world collaborate to reduce greenhouse gas emissions and reach net-zero by mid-century.
  • With 628 projects across all stages of development in the CCS project pipeline, project development activities continue to display strong growth.
  • Global CO2 capture capacity is on track to double to over 100 million tonnes per year (Mtpa) of CO2, once facilities currently under construction commence operation.
  • The cumulative CO2 capture capacity for projects in the CCS pipeline is now 416 Mtpa, representing a 32% Compound Annual Growth Rate (CAGR) since 2017.
  • The business case for CCS globally is being bolstered by strengthening policy, new carbon management business models, and strong interest in CCS hubs and networks.
The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for CCS projects globally, as governments and industry around the world collaborate to reduce greenhouse gas emissions and reach net-zero as quickly as possible. Report findings show strong growth in CCS projects across all stages of development, with a total of 628 projects in the pipeline, an increase of 236 projects compared to the previous year. The cumulative CO2 capture capacity for these projects is now 416 Mtpa, representing a seven-year CAGR of 32%. Facilities currently in operation have a capacity to capture and store 51 Mtpa of CO2. This figure is on track to double to over 100 Mtpa once facilities currently under construction commence operation. Mr Jarad Daniels, CEO of the Global CCS Institute, expressed enthusiasm for the global momentum and progress of CCS saying: “The CCS industry is rapidly maturing and evolving, catalysed by global collaboration, sustained government policy support, and industry action built on decades of shared learnings. This is testament to the urgency with which governments and industries are seeking to address climate change, while continuing to supply the world’s growing population with necessary energy services and commodities.” Regionally, key highlights from the report included:
  • The Americas continue to lead the world in CCS facility deployment, catalysed by sustained policy support and funding incentives: 27 projects are in operation, and 18 are commencing construction across the US, Brazil and Canada.
  • Across Asia, storage hubs and cross-border CCS projects are a major focus and dominant trend, as nations with limited geological storage resources explore opportunities with nations that have large storage resources, to store their CO2.
  • In China, Carbon Capture Utilisation and Storage (CCUS) forges ahead, spurred by climate policy progress, CCUS project deployment, and increased international collaboration.
  • Across Europe and the UK, decarbonisation policies and anticipation of a robust CCS market are driving new projects: 191 projects are at various stages of development in the region, including five in operation and 10 in construction.
  • Across the Middle East and Africa (MEA), CCS project development has evolved from application in enhanced oil recovery to a focus on industrial decarbonisation and low-carbon fuel development.
As progress continues at pace globally, the business case for CCS is being bolstered with the evolution of new carbon management business models and strong interest in CCS hubs and networks. The 2024 status report notes 222 transport and storage projects, which currently do not include an associated capture facility. This number has more than doubled over 12 months. This underscores the predominance of new carbon management business models and the anticipated market for these services.  Institute CEO, Mr Jarad Daniels, elaborated further on the role of hubs and networks saying: “Mitigating climate change will require massive infrastructure investments, including new transmission grids for low-carbon electricity generation, as well as pipelines and shipping for both CO₂ and low-carbon energy carriers such as hydrogen in various forms. Carbon management hubs and networks can help bring economies of scale to this required new infrastructure.” Against the backdrop of exponential growth in CCS projects, ongoing regional progress and the emergence of new carbon management business models, the 2024 status report calls on all stakeholders to maintain the momentum. Mr Daniels concludes by saying: “We are calling on government, industry, communities and all who share our common goal of reaching net-zero as quickly as possible, to work together to continue and improve on our collaborative efforts. Collaboration over decades has taken CCS from early research to where we are today. Although we still face challenges, I am immensely optimistic that these will be overcome by continuing to build and grow key partnerships.” ### About Carbon Capture and Storage:  Carbon Capture and Storage (CCS) encompasses a suite of technologies that capture the greenhouse gas carbon dioxide (CO2), and store it safely and permanently underground, so that it does not reach the atmosphere and contribute to climate change. About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of Carbon Capture and Storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. Headquartered in Melbourne, Australia, the Institute has offices in Washington DC, Brussels, Beijing, London, Tokyo and Abu Dhabi. https://recyclecarbon.com/ Media Contacts Americas: Joey Minervini, Public Affairs Manager Americas, joey.minervini@globalccsinstitute.com APAC: Matt Steyn, Public Affairs Manager APAC, matt.steyn@globalccsinstitute.com  +61 405 018 007 Honor Iosif, Public Affairs Manager APAC, honor.iosif@globalccsinstitute.com +61 466 247 225 China: Yi Wu, Public Affairs Lead China, yi.wu@globalccsinstitute.com Europe/MEA: Daniela Peta, Public Affairs Lead EMEA, daniela.peta@globalccsinstitute.com   [post_date] => 2024-10-15 15:12:14 [post_excerpt] => [post_parent] => 0 [post_status] => publish [post_title] => Installed CCS capacity on track to double as governments and industry collaborate to advance projects [post_type] => post [slug] => installed-ccs-capacity-on-track-to-double-as-governments-and-industry-collaborate-to-advance-projects [__type:protected] => [post_date_gmt] => 2024-10-15 04:12:14 [comment_status] => open [ping_status] => open [post_password] => [post_name] => installed-ccs-capacity-on-track-to-double-as-governments-and-industry-collaborate-to-advance-projects [to_ping] => [pinged] => [post_modified] => 2025-08-27 15:13:11 [post_modified_gmt] => 2025-08-27 05:13:11 [post_content_filtered] => [guid] => https://recyclecarbon.com/?p=304 [menu_order] => 0 [post_mime_type] => [filter] => raw [status] => publish ) [excerpt] => Key Points The Global CCS Institute has released its Global Status of CCS 2024 report showcasing significant year-on-year momentum for the progress of CCS as governments and industry around the… [isMemberContent] => [userCanAccess] => ) [2] => Array ( [post] => Timber\Post Object ( [id] => 306 [ID] => 306 [object_type] => post [wp_object:protected] => WP_Post Object ( [ID] => 306 [post_author] => 13 [post_date] => 2024-02-07 15:21:28 [post_date_gmt] => 2024-02-07 04:21:28 [post_content] => The Global CCS Institute welcomes the EU Industrial Carbon Management Strategy released on 6 February by the European Commission. The strategy represents a key milestone for the widescale deployment of carbon management technologies in the EU and the success of Europe’s decarbonisation strategy more broadly.  Published together with the new intermediate EU 2040 climate target, the strategy proposes a comprehensive approach to address all aspects of the CO2 value chain and creates an enabling environment for the deployment of carbon management technologies in the EU. These innovative technologies include Carbon Capture and Storage (CCS), Carbon Capture and Utilisation (CCU) and Carbon Dioxide Removal (CDR), which are key vehicles for climate change mitigation.   “The strategy presented by the European Commission recognises once again the crucial role carbon management is expected to play in Europe’s decarbonisation efforts alongside the deployment of renewables and other key climate mitigation options”, said Jarad Daniels, CEO of the Global CCS Institute. “The strategy sends a strong signal that carbon management technologies are part of the toolbox of solutions that need to be deployed widely and timely across Europe to reach the EU's legally binding target of climate neutrality by 2050” added Mr Daniels.  While reiterating the need to develop at least 50 Mtpa of CO2 storage capacity by 2030, in line with the storage obligation proposed in the Net-Zero Industry Act, the European Commission’s assessment indicates that meeting the intermediate EU 2040 climate target and reaching climate neutrality by 2050 would require capturing approximately 280 Mtpa of CO2 by 2040 and around 450 Mtpa of CO2 by 2050.  The Institute welcomes a comprehensive approach to industrial carbon management in the EU, as well as quantifiable and verifiable milestones to ensure that the Paris Agreement’s objective to limit global warming to 1.5°C stays within reach.   “Setting clear targets is a crucial step to ensure predictability and further drive investment in those climate technologies that will be needed to reach Europe’s ambitious climate goals,” said Mr Daniels.  CCS is an essential, proven and versatile climate mitigation solution able to decarbonise a wide range of sectors our modern society relies on, including energy-intensive industries with limited or no alternative options to decarbonise their hard-to-abate emissions. While Member States are best positioned to decide on the appropriate applications of CCS in the framework of their national decarbonisation strategies, the Institute encourages the application of CCS to all sectors covered by the EU Emissions Trading System (EU ETS).  Establishing a functioning single market for industrial carbon management in line with the vision underpinned by the European Commission will require a timely development of the CO2 transport and storage infrastructure in the EU.  The Institute welcomes the European Commission's plan to create an investment atlas of potential CO2 storage sites, which will be instrumental to map potential storage capacity and opportunities to build the necessary CO2 storage infrastructure across Europe.  The Institute also welcomes the European Commission's intention to initiate preparatory work in view of a proposal for a possible future CO2 transport regulatory package.  As legal certainty is crucial to influence investor’s confidence and boost investment in both CO2 transport and storage infrastructure, the Institute encourages the European Commission to prioritise the development and implementation of a fit-for purpose EU-wide CO2 infrastructure regulatory framework to complement the existing legislation on CO2 transport and storage.  Driving CCS deployment across the region at the necessary scale will also require the adoption of a comprehensive policy approach able to create greater coordination and synergies between EU funds, national subsidies, private investments and enhanced demand for green products that could be leveraged by CCS projects.   Finally, the Institute welcomes the European Commission's intention to work alongside Member States and industry to increase public understanding and awareness, as well as stimulate debate around industrial carbon management technologies.  The Institute stands ready to work with the European Commission and all relevant stakeholders to promote efficient deployment of carbon management to achieve climate targets cost-effectively.    # # #  About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit recyclecarbon.com  Media Contact: Daniela Peta (Brussels, Belgium), daniela.peta@globalccsinstitute.com [post_title] => The Global CCS Institute welcomes the EU Industrial Carbon Management Strategy unveiled by the European Commission as a new milestone for climate mitigation in Europe [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => the-global-ccs-institute-welcomes-the-eu-industrial-carbon-management-strategy-unveiled-by-the-european-commission-as-a-new-milestone-for-climate-mitigation-in-europe [to_ping] => [pinged] => [post_modified] => 2025-08-27 15:21:52 [post_modified_gmt] => 2025-08-27 05:21:52 [post_content_filtered] => [post_parent] => 0 [guid] => https://recyclecarbon.com/?p=306 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [___content:protected] => [_permalink:protected] => [_next:protected] => Array ( ) [_prev:protected] => Array ( ) [_css_class:protected] => [post_author] => 13 [post_content] => The Global CCS Institute welcomes the EU Industrial Carbon Management Strategy released on 6 February by the European Commission. The strategy represents a key milestone for the widescale deployment of carbon management technologies in the EU and the success of Europe’s decarbonisation strategy more broadly.  Published together with the new intermediate EU 2040 climate target, the strategy proposes a comprehensive approach to address all aspects of the CO2 value chain and creates an enabling environment for the deployment of carbon management technologies in the EU. These innovative technologies include Carbon Capture and Storage (CCS), Carbon Capture and Utilisation (CCU) and Carbon Dioxide Removal (CDR), which are key vehicles for climate change mitigation.   “The strategy presented by the European Commission recognises once again the crucial role carbon management is expected to play in Europe’s decarbonisation efforts alongside the deployment of renewables and other key climate mitigation options”, said Jarad Daniels, CEO of the Global CCS Institute. “The strategy sends a strong signal that carbon management technologies are part of the toolbox of solutions that need to be deployed widely and timely across Europe to reach the EU's legally binding target of climate neutrality by 2050” added Mr Daniels.  While reiterating the need to develop at least 50 Mtpa of CO2 storage capacity by 2030, in line with the storage obligation proposed in the Net-Zero Industry Act, the European Commission’s assessment indicates that meeting the intermediate EU 2040 climate target and reaching climate neutrality by 2050 would require capturing approximately 280 Mtpa of CO2 by 2040 and around 450 Mtpa of CO2 by 2050.  The Institute welcomes a comprehensive approach to industrial carbon management in the EU, as well as quantifiable and verifiable milestones to ensure that the Paris Agreement’s objective to limit global warming to 1.5°C stays within reach.   “Setting clear targets is a crucial step to ensure predictability and further drive investment in those climate technologies that will be needed to reach Europe’s ambitious climate goals,” said Mr Daniels.  CCS is an essential, proven and versatile climate mitigation solution able to decarbonise a wide range of sectors our modern society relies on, including energy-intensive industries with limited or no alternative options to decarbonise their hard-to-abate emissions. While Member States are best positioned to decide on the appropriate applications of CCS in the framework of their national decarbonisation strategies, the Institute encourages the application of CCS to all sectors covered by the EU Emissions Trading System (EU ETS).  Establishing a functioning single market for industrial carbon management in line with the vision underpinned by the European Commission will require a timely development of the CO2 transport and storage infrastructure in the EU.  The Institute welcomes the European Commission's plan to create an investment atlas of potential CO2 storage sites, which will be instrumental to map potential storage capacity and opportunities to build the necessary CO2 storage infrastructure across Europe.  The Institute also welcomes the European Commission's intention to initiate preparatory work in view of a proposal for a possible future CO2 transport regulatory package.  As legal certainty is crucial to influence investor’s confidence and boost investment in both CO2 transport and storage infrastructure, the Institute encourages the European Commission to prioritise the development and implementation of a fit-for purpose EU-wide CO2 infrastructure regulatory framework to complement the existing legislation on CO2 transport and storage.  Driving CCS deployment across the region at the necessary scale will also require the adoption of a comprehensive policy approach able to create greater coordination and synergies between EU funds, national subsidies, private investments and enhanced demand for green products that could be leveraged by CCS projects.   Finally, the Institute welcomes the European Commission's intention to work alongside Member States and industry to increase public understanding and awareness, as well as stimulate debate around industrial carbon management technologies.  The Institute stands ready to work with the European Commission and all relevant stakeholders to promote efficient deployment of carbon management to achieve climate targets cost-effectively.    # # #  About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. For more information, visit recyclecarbon.com  Media Contact: Daniela Peta (Brussels, Belgium), daniela.peta@globalccsinstitute.com [post_date] => 2024-02-07 15:21:28 [post_excerpt] => [post_parent] => 0 [post_status] => publish [post_title] => The Global CCS Institute welcomes the EU Industrial Carbon Management Strategy unveiled by the European Commission as a new milestone for climate mitigation in Europe [post_type] => post [slug] => the-global-ccs-institute-welcomes-the-eu-industrial-carbon-management-strategy-unveiled-by-the-european-commission-as-a-new-milestone-for-climate-mitigation-in-europe [__type:protected] => [post_date_gmt] => 2024-02-07 04:21:28 [comment_status] => open [ping_status] => open [post_password] => [post_name] => the-global-ccs-institute-welcomes-the-eu-industrial-carbon-management-strategy-unveiled-by-the-european-commission-as-a-new-milestone-for-climate-mitigation-in-europe [to_ping] => [pinged] => [post_modified] => 2025-08-27 15:21:52 [post_modified_gmt] => 2025-08-27 05:21:52 [post_content_filtered] => [guid] => https://recyclecarbon.com/?p=306 [menu_order] => 0 [post_mime_type] => [filter] => raw [status] => publish ) [excerpt] => The Global CCS Institute welcomes the EU Industrial Carbon Management Strategy released on 6 February by the European Commission. 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