Tomaž Vuk, a board member at a cement factory in Slovenia, is facing a challenge in finding storage for captured carbon.
This issue reflects a broader problem in Europe as it aims for climate neutrality by 2050.
Currently, the North Sea region dominates carbon capture, while other parts of Europe are lagging behind. (Trending: Famous Actor Under Investigation After Calling For Biden’s Execution)
“It might be acceptable to carry those costs for a short period of time until [closer] solutions are ready,” Vuk said.
“There’s quite a risk, at least for industries in regions like Southern Central and Eastern Europe, where there are little project developments happening,” said Clean Air Task Force’s Eadbhard Pernot.
“There’s a risk of deindustrialization in some parts of Europe and industrialization in other parts of Europe.”
The EU is pushing for more equitable distribution of storage sites and is encouraging investment in carbon capture technology.
However, concerns remain about the pace of development, particularly for industries in Central and Eastern Europe.
“To keep the costs of decarbonizing hard-to-abate industries at bay, Europe needs CO2 storage projects across the Continent,” said Eve Tamme of the Zero Emissions Platform.
“This helps to limit the need for expensive long-distance CO2 transportation routes.”
“Previously … projects were really situated mainly around the North Sea region,” Ditte Juul-Jørgensen said.
“But now they stretch from the Baltic to the Western and Eastern Mediterranean.”
“Any action that would encourage” more carbon storage, he said, “is welcome.”
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