The potential for CCS and CCU in Europe Report to the thirty second meeting of the European Gas Regulatory Forum 5-6 June 2019

The 31st Madrid Forum invited IOGP to coordinate a report on the potential of Carbon Capture and Storage (CCS) and Carbon Capture and Utilisation (CCU) technologies, including technical, economic and public acceptance considerations, working with all interested stakeholders.

A Task Force composed of interested stakeholders was established. Two workshops were held to facilitate in-depth discussions on CCS and CCU.

Purpose of the Report

To further help the development of CCS and CCU in Europe by identifying key policy recommendations for the 32nd Madrid Forum.

The policy recommendations relate to the market uptake, capture, transport, storage and public financial support aspects of the CCS and CCU value chain, and are to be considered in the context of potential new market regulation.

A regulatory framework is needed for the systemic deployment of CCS and CCU in Europe. The framework should both incentivise investment and maintain flexibility to accommodate new CCS and CCU approaches and technologies across the value chain.

Overview

  • The contribution of CCS and CCU to global and European emission reductions
  • Potential of CCU-based gaseous and liquid fuels
  • Accelerated decarbonisation through hydrogen from natural gas with CCS
  • CCS and CCU in combination with bioenergy – towards negative emissions
  • Separating CCS and CCU value chains into their component parts
  • Methane pyrolysis – conversion of natural gas to hydrogen and solid carbon
  • CCS and CCU business case – tools and support mechanisms
  • Costs of carbon capture, transportation and storage
  • CO2 geological storage capacity in Europe
  • Cross-border CCS and CCU infrastructure cooperation
  • Regulatory incentives and barriers for CCS and CCU
  • Policy recommendations

Why CCS?

CCS is a proven technology necessary to achieve climate neutrality in Europe in a cost-efficient manner, and to enable negative emissions. All ambitious scenarios (below 2°C) show that CCS will be essential to meeting the targets set by the Paris Agreement.

CCS technology is also critical for deployment of low-carbon hydrogen, as natural gas can be reformed to hydrogen with CCS, supporting decarbonisation of EU heating, transport and power generation sectors.

CCS is necessary for the decarbonisation of industry, representing a cost-effective and realistic way to avoid post-combustion and process emissions. It is a crucial technology to safeguard existing industrial activity, jobs and growth while decarbonising economic activity to meet the EU climate objectives.

Author

IOGP

Download

Related Documents

close-image