Publication Date:
2024-05-23
Description:
Climate policy in the European Union (EU) and Germany changed significantly with
the adoption of net-zero emissions targets. A key new development is the growing
importance of
carbon management. The umbrella term includes not only the capture
and storage of CO2 (carbon capture and storage, CCS), but also CO2 capture and
utilisation (carbon capture and utilisation, CCU) as well as the removal of CO2 from
the atmosphere (carbon dioxide removal, CDR). It is important to provide clarity
when differentiating between these approaches and identifying their relation to so-
called residual emissions and hard-to-abate emissions. This is particularly important
because it will determine the overall ambition of climate policy as well as shape
future policy designs and their distributional impacts. Current policy and legislative
processes should ensure that carbon management does not delay the phase-out of
fossil fuels. New policy initiatives present an opportunity to actively shape the
interface between ambitious climate and industrial policy.
Type:
Report
,
NonPeerReviewed
Format:
text
