Why Europe's heavy industry needs carbon capture and storage

Photo by Ehud Neuhaus on Unsplash

As Europe gradually moves towards net zero, opportunities to cut emissions even further are likely to become significantly more challenging. Rather than cut emissions, another option for heavy emitters is to capture their carbon emissions at source, before they enter the atmosphere, and then permanently sequester the carbon.

As this article shows, carbon prices are entering the realm in which this strategy could potentially pay off. The problem is that it relies on a massive expansion in carbon transport and storage infrastructure to be effective. As Europe increasingly recognises the global competition for climate tech resources and technology, carbon capture is likely - indeed, needs to be - one of the key strategies at the forefront of government support.

But first, lets take a step back and understand why there is likely to be additional demand for carbon capture.