Innovation fundĪs of February 2024, the Innovation Fund supports 26 industrial carbon management projects that have successfully applied to one of the small or large-scale calls organised since 2020, totaling more than €3.3 billion. The Commission actively supports industrial carbon management projects.

In November 2023, the Commission published a report providing an analysis of the response received from stakeholders and citizens to the open public consultation on the Industrial Carbon Management Strategy, which closed on 31 August 2023. Both these technologies can capture carbon and store it permanently in geological formations. It will boost innovative industrial carbon removal technologies, such as bioenergy with carbon capture and storage (BioCCS) or direct air carbon capture and storage (DACCS). On 30 November 2022, the European Commission adopted a proposal (COM/2022/672) for an EU-wide voluntary framework to certify carbon removals. It lists key actions to support industrial capture, use and storage of CO2, including the assessment of cross-border CO2 infrastructure deployment needs at EU, regional and national levels until 2030 and beyond. In December 2021, the Commission adopted a Communication on Sustainable Carbon Cycles (COM/2021/800) that aims to establish sustainable and climate-resilient carbon cycles. The Commission already provides a regulatory framework for the safe transport and storage of CO2 through Directive 2009/31/EC on the geological storage of carbon dioxide. As regards CCU, the technology is regulated in Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources, which promotes renewable fuels of non-biological origin, and among others, fuels produced from captured CO2. The adoption of the European Green Deal, the European Climate Law and the subsequent proposals to increase energy and climate targets for 2030 have made carbon management technologies an important part of the EU decarbonisation effort. CO 2 can be transported by pipeline, ship, rail and truck. Where captured CO 2 is not used directly at the place of capture, it will need to be transported for use in industrial processes (for example for construction products, synthetic fuels, plastics or other chemicals) or permanent storage. Removal of CO 2 from the atmosphere: biogenic or atmospheric CO 2 is captured by technological means and put into permanent storageĬO 2 transport infrastructure serves as a key enabler for these 3 pathways and is necessary to establish a fully-fledged CO 2 market in Europe.Capture of CO 2 for utilisation (CCU): captured CO 2 is used to substitute fossil-based carbon in synthetic products, chemicals or fuels.Capture of CO 2 for storage (CCS): CO 2 emissions of fossil, biogenic or atmospheric origin are captured for permanent and safe geological storage.Industrial carbon management is the range of technologies to capture, store, transport and use CO 2 emissions from industrial facilities, as well as to remove CO 2 from the atmosphere.

El carbon