A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) finds that Europe's pipeline of carbon capture and storage (CCS) projects is losing momentum. The analysis points to high costs, regulatory uncertainty, and a lack of clear business models as key factors slowing development. Several major projects have been delayed or canceled, raising questions about the region's ability to meet its decarbonization targets with CCS at scale. The report highlights that while CCS is often promoted as a critical tool for hard-to-abate sectors like cement and steel, the current pipeline suggests a gap between ambition and reality. Without stronger policy support and investment signals, Europe risks falling short of its climate goals. The findings underscore the need for more concrete incentives and infrastructure planning to revive CCS deployment.
