Carbon capture, utilisation, and storage (CCUS) deployment – EUTurbines’ response to the Consultation on Industrial Carbon Management
31 August 2023
Representing the European gas and steam power plant industry, EUTurbines’ response highlights our dedication to driving meaningful change and innovation across the European energy sector and confirms our alignment with the European decarbonisation goals. In our view, CCUS will play a crucial role in reaching the EU decarbonisation targets given its advanced development status and potential to reduce emissions in most of European industries.
Our key messages:
- Transformative technologies need a deployment strategy: Carbon Capture technologies are at a well-advanced stage of development, a swift EU-wide deployment is crucial. EUTurbines emphasises the need for a strategic framework from the European Commission that expedites widespread integration of CCUS solutions to meet decarbonisation goals.
- Fostering the CCUS value chain: Realising the potential of CCUS demands substantial investments and a transparent regulatory framework. Our stance is clear: enabling viable business models to thrive along the CCUS value chain is essential. A robust transport infrastructure plan is pivotal to overcome existing deployment challenges.
- Enhancing public-private collaboration: EUTurbines advocates for a model of public-private cooperation. Member States must provide backing in form of loans, grants, and state guarantees to infrastructure operators. Simultaneously, private entities would drive the development of essential carbon transport infrastructure. This partnership relies on risk mitigation mechanisms, state-backed guarantees, targeted funding, Carbon Contracts for Difference (CCfDs), and clear storage life-end transition terms.
- Forming international coalitions for collective impact: Building on the success of the North Sea cluster initiative (BENELUX, Germany, Norway, Denmark, UK), EUTurbines favours extending this collaborative approach to South and Central Europe. The goal is an inclusive CCUS value chain spanning the entire EU, particularly targeting countries without direct sea access points.
