Page 54 - European Energy Innovation - Spring 2015 publication
P. 54
Spring 2015 European Energy Innovation
CARBON CAPTURE AND STORAGE
Development of European CO2
infrastructure networks
By Beatrice Coda, Policy Officer, Unit B1, Internal Market I: Networks and Regional Initiatives, Directorate-
General for Energy, European Commission
In the transition to a low-
carbon economy, the Carbon
Capture and Storage (CCS)
technology has the potential
to become in the mid-term an
economically cost-effective way
to reconcile the rising demand
for fossil fuels, with the need
to reduce greenhouse gas
emissions. The CCS technology
has a very large potential of
reducing by up to 90% the CO2
produced by the world’s largest
emitters: fossil fuel power plants
(both gas and coal/lignite) and
heavy industry (such as steel and
iron, cement, refining, chemicals).
The role of CCS in cost efficient
climate mitigation and in the low-
carbon transition of the European
economy, while contributing to
diversification and security of
supplies, was reiterated by the
European Commission proposal
for a 2030 climate and energy
framework1, adopted in January
2014, and the European Energy
Security Strategy2, adopted by
the European Commission in May
2014.
Both documents acknowledge
the importance of CCS for
power and energy-intensive
industrial sectors, and urge
continued support, at European
and Member State level, for
R&D, demonstration, and the
development of an adequate
transport and storage
infrastructure, in order to pave the
www.europeanenergyinnovation.eu
CARBON CAPTURE AND STORAGE
Development of European CO2
infrastructure networks
By Beatrice Coda, Policy Officer, Unit B1, Internal Market I: Networks and Regional Initiatives, Directorate-
General for Energy, European Commission
In the transition to a low-
carbon economy, the Carbon
Capture and Storage (CCS)
technology has the potential
to become in the mid-term an
economically cost-effective way
to reconcile the rising demand
for fossil fuels, with the need
to reduce greenhouse gas
emissions. The CCS technology
has a very large potential of
reducing by up to 90% the CO2
produced by the world’s largest
emitters: fossil fuel power plants
(both gas and coal/lignite) and
heavy industry (such as steel and
iron, cement, refining, chemicals).
The role of CCS in cost efficient
climate mitigation and in the low-
carbon transition of the European
economy, while contributing to
diversification and security of
supplies, was reiterated by the
European Commission proposal
for a 2030 climate and energy
framework1, adopted in January
2014, and the European Energy
Security Strategy2, adopted by
the European Commission in May
2014.
Both documents acknowledge
the importance of CCS for
power and energy-intensive
industrial sectors, and urge
continued support, at European
and Member State level, for
R&D, demonstration, and the
development of an adequate
transport and storage
infrastructure, in order to pave the
www.europeanenergyinnovation.eu
