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Newsletter – February 2024

Dear Members and Followers,

Our first Newsletter for 2024 comes with important developments in the CCU sphere.

We are happy to bring you our quantitative assessment of the contribution of CCU towards climate neutrality in the EU, an extensive exercise of scenario development and modelling of CCU’s role by 2050 co-realised with many CCU stakeholders.

At the same time, three important initiatives on the policy front are aligned with our messages and confirm the strategic importance of CCU to reach our climate and circularity goals: the 2040 EU climate targets, the Industrial Carbon Management Communication, and the Net Zero Industry Act.

The momentum is growing for CCU, but there is still a lot of work to be done to present concrete targets for the extensive use of captured carbon and the replacement of virgin fossil carbon in our production processes. The role of Member States is now becoming very crucial for the deployment of large-scale CCU projects through national strategies, synchronised with continued support at the EU level (for example the April call of the Innovation Fund).

Don’t forget to take a look at the various events we are participating in and supporting, as well as a warm welcome to our new members SUEZ, Paul Wurth, and Net Zero Emission Labs; we are looking forward to many more joining our efforts.

Enjoy the reading and stay in touch!