Developing the Carbon Capture and Utilization (CCU) Market in the EU: An Analysis of the Legal and Policy Framework
Alkhadour, Maher (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-202405079825
https://urn.fi/URN:NBN:fi:amk-202405079825
Tiivistelmä
Carbon capture and utilization (CCU) technologies have the potential to reduce carbon emissions while creating new economic opportunities. In doing so, CCU offers a potential win-win solution to contribute to climate change mitigation efforts, create new economic opportunities, and promote a sustainable future.
The study presents a comprehensive analysis of the European Union (EU) and the United States (US) legal and policy framework concerning CCU technologies. The objective of the thesis was to evaluate whether the EU supports the full potential of CCU deployment.
Qualitative research methods were used in this thesis, including comparative research and legal content analysis to examine the consistency, credibility, and comprehensiveness of the EU’s legal and policy framework concerning CCU.
The study shows that EU policy strategies recognize the significance of CCU in decarbonizing industries, yet lack unified legislative frameworks dedicated to CCU. Despite initiatives highlighting CCU’s importance, inconsistencies exist within policy instruments.
Moreover, concerning the development of the CCU market in the EU, the study emphasizes the need for regulatory clarity and comprehensive legislation to boost CCU technologies forward. Based on this, the study proposes a set of recommendations, such as establishing a clear CCU definition, implementing horizontal legislation covering all CCU pathways, and setting binding deployment targets for CCU products to foster commercialization and innovation.
Keywords: CCUS, CCU, carbon management, decarbonization policies
The study presents a comprehensive analysis of the European Union (EU) and the United States (US) legal and policy framework concerning CCU technologies. The objective of the thesis was to evaluate whether the EU supports the full potential of CCU deployment.
Qualitative research methods were used in this thesis, including comparative research and legal content analysis to examine the consistency, credibility, and comprehensiveness of the EU’s legal and policy framework concerning CCU.
The study shows that EU policy strategies recognize the significance of CCU in decarbonizing industries, yet lack unified legislative frameworks dedicated to CCU. Despite initiatives highlighting CCU’s importance, inconsistencies exist within policy instruments.
Moreover, concerning the development of the CCU market in the EU, the study emphasizes the need for regulatory clarity and comprehensive legislation to boost CCU technologies forward. Based on this, the study proposes a set of recommendations, such as establishing a clear CCU definition, implementing horizontal legislation covering all CCU pathways, and setting binding deployment targets for CCU products to foster commercialization and innovation.
Keywords: CCUS, CCU, carbon management, decarbonization policies