This event provides fresh perspectives on how a European CO2 infrastructure can enable the industrial transition towards net-zero GHG emissions by 2050, bringing together key stakeholders to discuss the role of CCUS technologies in achieving this goal.
Dutch MEP Tom Berendsen, shadow rapporteur for the European Parliament own-initiative report on “A new long-term strategy for Europe’s industrial future”, will host the event. The discussions will be followed by presentations of ground-breaking European CCUS projects and a networking reception.
The 2020 monetisation of the first batch of 50 million allowances for the Innovation Fund was planned to start on 7 January 2020 but will be slightly delayed. The auctions of Member States’ allowances will take place as scheduled. This slight postponement of the monetisation will not delay the launch of the Innovation Fund.
Substantial progress has been made in advancing carbon capture, utilisation and storage (CCUS) around the world, but current trends still fall well short of what would be needed to meet global sustainable energy goals.
Today sees the launch of results from a pan-European poll on citizens’ opinions on home heating in the context of climate change, carried out by Savanta ComRes. The role of consumers in decarbonising the heating sector, highlighted in the results, is especially important as the new EU legislative cycle begins.
The IPCC report contains a wealth of new information about the risks of global warming, underlining that many of the physical impacts of climate change escalate in a non-linear fashion in relation to increases in global temperature. In other words, the impacts of 2.0 °C of warming are far worse than those of 1.5 °C.