Carbon Capture and Storage (CCS) Market Analysis

The European Union has established ambitious objectives for its climate goals, believing that carbon capture should be a key tool in achieving these targets between 2030 and 2050. To support this initiative, the EU has implemented various mechanisms, such as the Emissions Trading System (ETS), designed to reduce greenhouse gas emissions by allowing countries to trade emission allowances.

Numerous countries around the North Sea, where depleted natural gas fields can serve as storage for captured carbon, are actively pursuing this agenda. The overarching objective is to decarbonise industries, with each country tailoring its approach according to specific national needs. This has led to the development of different national roadmaps outlining strategies for integrating carbon capture technologies into various sectors.

Our work focuses on exploring the boundaries and possibilities of applying nuclear energy within carbon capture systems. By leveraging nuclear power, which produces low-carbon energy, we can enhance the efficiency and effectiveness of carbon capture processes. This synergy could potentially lead to more sustainable industrial practices, significantly reducing carbon emissions and contributing to the EU’s climate targets.