Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » EU launches CO2 capture and storage technologies network project

    EU launches CO2 capture and storage technologies network project

    npsBy nps20 September 2010Updated:9 July 2024 Research & Technology No Comments3 Mins Read
    — Filed under: Environment
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The EU is targeting a 50% reduction in carbon dioxide (CO2) emissions by 2050. As part of efforts to achieve this goal, the European Commission launched on 17 September a tool supporting early large-scale demonstration of CO2 capture and storage (CCS) technologies.

    Hailed as the first-ever network of its kind, the CCS Network Project encompasses demonstration projects that will fuel knowledge and understanding of how CCS can contribute to CO2 emissions reduction. This latest venture will not only accelerate learning, but it will help CCS to realise its green objectives and bring this innovative technology to market.

    ‘CCS is one of the key technologies that we need to develop today to make the necessary deep cuts in CO2 emissions from the energy sector in the coming decades,’ said Commissioner for Energy Günther Oettinger. ‘It is a very positive step forward for the major project developers in Europe to work together and to inform scientists, industry and the public about their progress. Knowledge sharing will be essential for accelerating the deployment of clean energy technologies in Europe and worldwide.’

    Parties that had expressed an interest in joining this network have already signed a joint agreement to share knowledge. They are all CCS projects supported by the European Commission’s European Energy Programme for Recovery (EEPR), which provides incentives for projects in three energy sectors: CCS (EUR 1.05 billion in funding), wind energy (EUR 565 million), and gas and electricity interconnectors (EUR 2.365 billion). The EEPR seeks greenhouse gas emissions reduction, energy security, and economic recovery.

    In order to receive EU support, the CCS projects are required to disseminate their results as widely as possible. The objective is to establish a leading community of projects which jointly target commercially viable CCS within the next 10 years.

    An advisory forum has been set up to review the CCS Project Network’s progress, and to identify the knowledge that can be generated by the scheme. Ultimately, the wider energy community will benefit immensely from the network’s activities.

    The maiden meeting of the forum, held on 17 April, was co-chaired by the European Commission and the European Technology Platform for Zero Emission Fossil Fuel Power Plants (ZEP). EU Member States representatives, as well as officials from ZEP, CCS demonstration projects, researchers, and people from international and non-governmental organisations (NGOs) attended the meeting.

    Work on the CCS demonstration projects got off the ground in 2007 after the European Council approved the European Commission’s plan to accelerate the development and operation of up to 12 such projects by 2015. The upshot of these actions will be to make viable a full CCS chain in power generation and other industries, as well as to slash the cost of CCS-generated power between now and 2020.

    The EU has been supporting research and development (R&D) in CCS for over a decade. EU GEOCAPACITY (‘Assessing European capacity for geological storage of carbon dioxide’), for instance, received EUR 1.9 million under the ‘Sustainable development, global change and ecosystems’) Thematic area of the EU’s Sixth Framework Programme (FP6). The project found that the conservative storage capacity estimate of 117 Gt (gigatonne) CO2 for Europe corresponds to 62 years of storage of the 1.9 million metric tonnes annual emissions from large point sources emitting more than 1 million metric tonne each year.

    The EU has approved a more than two-fold increase in funding for CCS projects under the Seventh Framework Programme (FP7). The goal is to ensure improvements to CCS components required for the technology’s commercial viability.

    For more information, please visit:

     

    CCS Project Network

     


    Source: Community R&D Information Service (CORDIS)

     

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Research - Image by Gerd Altmann from Pixabay

    Digital innovation and AI the focus for EUR 7.3 billion Horizon Europe investment

    Innovation - Image by Gregor Mima from Pixabay

    Brussels opens EUR 140m calls for AI projects to deploy key digital technologies

    AI generated - Image by T Hansen from Pixabay

    Researchers invited to shape Europe’s AI strategy

    Stéphane Séjourné - Photo © European Union 2025

    EU selects 47 strategic projects to secure access to raw materials

    AI generated - Image by T Hansen from Pixabay

    EU’s first artificial intelligence rules enter into force

    Research - Image by Gerd Altmann from Pixabay

    EU launches new biotech hub to support innovative companies

    LATEST EU NEWS
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Geopolitical tension and broader risk-off sentiment hit equity markets – Euro currency news daily

    13 June 2025

    Brussels to postpone market risk prudential requirements under Basel III by one more year

    12 June 2025
    Cyberattacks - Photo by Tima Miroshnichenko on Pexels

    EUR 145m calls to boost European cybersecurity for hospitals

    12 June 2025
    Detergents - Photo by Liliana Drew on Pexels

    EU Council and Parliament strike deal for safer detergents

    11 June 2025
    Cybersecurity - Image by Franz Bachinger from Pixabay

    EU adopts blueprint for dealing with European cyber crises

    6 June 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?