Dear CO2 Value Europe members and followers,
As 2024 comes to a close and we prepare for the winter break, it’s the perfect time to reflect on our progress in advancing Carbon Capture and Utilisation (CCU) in Europe and beyond. In a world focused on cost-effective climate change solutions, our efforts are more relevant than ever.
This year, we’ve reached significant milestones in CCU technologies, research, and policy. From groundbreaking advancements in turning CO2 into valuable products to the collaborative work of our members and Scientific Advisory Committee driving policy and research, the momentum for CCU is undeniable despite the challenges.
In early 2024, we published our first quantitative assessment of the CCU’s contribution to climate neutrality in the EU, highlighting its potential as a climate-mitigating solution. The European Commission recommended ambitious 2040 climate targets, and the Industrial Carbon Management Strategy gave a first quantification of CCU volumes needed in 2040 and 2050. The Net Zero Industry Act also put forward CO2 utilisation and CCU fuels as net zero technologies.
The new EU elections brought shifts in the European Parliament but Ursula von der Leyen committed to the objectives of the Green Deal upon reelection. We now also focus on the Clean Industrial Deal’s potential impact on CCU projects in the coming years.
The Innovation Fund calls launched in December present fresh opportunities for our members to accelerate defossilisation projects. These include new targets for net-zero technologies and renewable hydrogen production through the European Hydrogen Bank auction.
These accomplishments, highlighted by our growth to 31 new members, are a clear demonstration of the dedication and collective commitment of our community, united by a shared vision.
As we take a well-deserved holiday break, let’s reflect on our progress, recharge for 2025, and reaffirm our shared goal of mitigating climate change.
We wish you a restful and joyful holiday season and thank you for being an essential part of this journey.
