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Delivering on climate targets and boosting economic resilience with CCU

From 6-9 June 2024, EU citizens from all 27 EU Member States have been called to the polls to vote for their 720 Members of the European Parliament for the 2024-2029 mandate. A new Parliament will be sworn in, and a new College of Commissioners will be auditioned and appointed, starting a new political cycle at the EU level.

A crucial question is how the elections’ results and negotiations to build majorities at the EU level will influence the climate agenda, whether it will water down climate objectives or whether it will reshape them. CO2 Value Europe works on CCU technologies which capture carbon from point sources or directly from the air to convert it into useful materials, such as chemicals, renewable fuels or mineralisation products. CCU can help defossilise the EU economy, meaning replacing fossil resources with available and sustainable carbon feedstock.

Our Secretary General, Anastasios Perimenis, stated that “this is an unprecedented time for the EU as it faces multiples challenges at once: more than ever, it must continue to lead on climate action while supporting economic sovereignty in Europe. CCU technologies are a must to allow industries to thrive in the EU, reach climate targets, and remain competitive”. He added, “as CO2 Value Europe, we are ready to work with new incumbent policy-makers to strengthen the EU regulatory framework to accelerate the scale-up of CCU projects and defossilise our economy”.

We look forward to contributing to the work of EU institutions to remove barriers and adopt new enabling legislations to develop CCU at scale: more information is available in our 7 policy recommendations on how to harvest the full potential of CCU technologies.