EU is committed to have zero net emissions of greenhouse gases by 2050. The most common of such gases is carbon dioxide (CO2), approaching 3/4ths of all greenhouse gas emissions. Those emissions are mostly born in transportation, energy production, and industry. To achieve the so-called "net zero" aspiration means that in less than 30 years the EU has to reduce emissions and remove the residual amount of CO2 from the atmosphere, or in other words to "decarbonize" the economy.
From what we know today, carbon capture and storage will contribute to decarbonization significantly through extending useful life of fossil-fuel-based energy technologies (something that is arguably desirable), and especially in reducing emissions in industry sectors that are notoriously hard to decarbonize, e.g. cement. The International Energy Agency forecasts that from 2030 onwards, an additional 10 heavy-industry plants will be equipped with carbon capture technologies each month, and half of fossil fuels usage is going to happen in plants equipped with carbon capture technologies. Industries like cement, oil refining, fertilizer production, steel production have long investment cycles, which includes investments into carbon capture; therefore, while 2030 (or 2050) seems far away, it's actually not too early to talk about the topic right now.
In light of this, CIVITTA, together with other partners in the region, initiated a project "Building momentum for the long-term CCS deployment in the CEE region", that aims to reignite the discussion on carbon capture and storage (CCS) in Central and Eastern Europe (CEE). CIVITTA’s geographical area of responsibility is Estonia, Latvia, Lithuania, and Ukraine. The intended outcomes of the project include improved stakeholder communication, tangible plans for national or regional pilot projects and input into policymaking to accelerate deployment of CCS in participant countries.
The project has concluded the analytical part, and here are some of the initial insights we found in the Baltic states:
All of the insights are freely available here.
For further details, please contact Ervinas Skikunas.