Tracking CO₂ Storage Project Capacity in Europe

This technical report quantifies the CO₂ storage capacity currently proposed or under development in the EU, the UK, and Norway. It outlines the significant role of carbon capture and storage in achieving climate neutrality targets, as recognized by the EU and national governments. The report details the growth in CO₂ storage projects, indicating that current announcements could lead to over 200 Mt/year in storage capacity by 2033. However, it notes that the majority of this capacity is offshore, particularly in the UK and Norway, with EU Member States projected to reach only 66 Mt/year by 2030. The report also discusses the geographical distribution of these projects and highlights several limiting factors, including regulatory barriers and the ambitious nature of project timelines. It emphasizes the need for further assessment of geological storage capabilities and the importance of supportive policies to ensure timely project realization.