Kadri Simson, energy commissioner for the EU
EU to launch €3bn CCS funding round
Money will come from the Innovation Fund, which has already provided €1.5bn in support to 11 carbon-capture projects
The European Commission will launch a new €3bn ($2.95bn) funding round aimed at incentivising the development of more carbon capture, utilisation and storage (CCUS) projects later this year. The funding will come from the EU’s Innovation Fund, which has already provided €1.5bn in support to 11 CCUS projects. And the Commission will next year publish an official strategy for the sector focused on three areas: funding, infrastructure and regulation. The strategy will quantify the potential role CCS and CCUS can play in decarbonisation, clarify the rules governing infrastructure, and find ways to better involve industry and other stakeholders. “The potential impact of these technologies is too
Also in this section
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
