New Interactive Tool Shows EU’s Funding Distribution Across The Carbon Capture Sector

New Interactive Tool Shows EU's Funding Distributions Across The Carbon Capture Sector - Carbon Herald
Credit: European Climate, Infrastructure and Environment Executive Agency (CINEA)

As the EU is working towards developing the nascent carbon capture utilization and storage (CCUS) sector on the continent, the European Climate, Infrastructure and Environment Executive Agency (CINEA) has recently launched a new digital tool, showing the CCUS initiatives across Europe and how the EU funding is distributed across the carbon capture sector.

CINEA is actively supporting the implementation of various EU programs including the Industrial Carbon Management (ICM) strategy and new climate targets that call for at least 50 million tonnes of CO2 emissions per year (Mtpa) to be captured by 2030, 280 Mtpa by 2040 and up to 450 Mtpa by 2050.

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CINEA has launched the new tool in order to illustrate the joint EU support to the industrial carbon management and synergies between the programs it manages. The interactive map illustrates a portfolio of 98 carbon capture projects and funding actions involving EUR 4.03 billion in EU contributions, for 573 beneficiaries, from 41 countries across the ICM value chains. 

The projects are funded by three EU programs: the Connecting Europe Facility for Energy (CEF Energy) for PCI/PMI, the Innovation Fund (IF), and Horizon Europe. They are also divided in four categories: research, coordination and support, demonstration of viability of industrial carbon management, and deployment of CO2 value chains.   

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The first prototype of the tool was released in November at the 4th PCI Energy Days conference in Brussels. While the Commission was preparing the Industrial Carbon Management strategy, CINEA gathered feedback on the prototype across stakeholders to produce the final version being launched recently.

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