Carbon Capture and Storage: How to decarbonise our economies and promote climate change NOW!
Last week, I chaired the EU Parliamentary Hearing on Carbon Capture and Storage (CCS), in collaboration with the Zero Emissions Platform (ZEP), Carbon Capture and Storage Association (CCSA), and the Global CCS Institute. The aim of the hearing was to showcase the current achievements of CCS and highlight technologies capable of reducing carbon emissions.
What is CCS?
CCS technology involves capturing carbon dioxide before it enters the atmosphere, transporting it for storage, and securely storing it underground. Millions of tonnes of carbon dioxide are already transported annually for commercial purposes, and underground storage provides an opportunity for natural decarbonisation. Fundamentally, 90% of carbon dioxide from the world’s largest emitters can be captured using CSS technologies.
What about renewable energy?
CCS and renewables are not in competition. CCS provides economies the opportunity to ease the transition from fossil fuels to low carbon and sustainable energy production. Therefore, CCS and renewables are complimentary, and can be used as a flexible technology that helps to integrate intermittent renewables.
Environment and Jobs
Deployment of CCS would provide a long-term, cost effective, low carbon future for critical energy intensive industries; including steel, cement and fertilisers. Moreover, the creation and maintenance of CCS infrastructure would create jobs and strengthen regional economies in the North West.
In short, CSS provides the opportunity to reduce our carbon dioxide emissions, whilst stimulating investment in local industries. For these reasons, I and fellow Labour MEPs continue to actively promote the use of CCS in Europe and our local regions.