Net zero target
European Commission: Consultation on the role of CCUS in decarbonisation released
Key climate policies
European Green Deal
Net Zero Industry Act (proposed)
Green Deal Industrial Plan
The EU Emissions Trading System (ETS)
Infrastructure for carbon capture and use of CO2 will be required to facilitate certain forms of low-carbon hydrogen such as fossil fuel-based hydrogen production with CCUS.
In view of the increased 2030 climate ambition, retrofitting of existing fossil-based hydrogen production with CCUS will continue to increase to reduce greenhouse gas emissions. Investments in retrofitting half of the existing plants with carbon capture and storage are estimated at around €11 billion.
Further information: EU Hydrogen Strategy
EU Strategy for Energy System Integration
European Industrial Strategy
- EUR 10 billion for low-carbon technologies.
- The first call for large-scale projects had a budget of EUR 1 billion and the second call EUR 1.5 billion. The third call, launched in November 2022, will fund EUR 3 billion.
- The first call for small-scale projects had a budget of EUR 100 million and the second call for small-scale projects has a budget of EUR 100 million.