EU's Clean Industrial Deal: Paving the Way for Decarbonisation Beyond Renewables
Key Ideas
  • The European Commission's Clean Industrial Deal is crucial as the industrial sector contributes significantly to global GHG emissions.
  • Concrete adjustments like creating a market for decarbonised products and reforming procurement rules are essential for decarbonisation.
  • Legislative solutions, particularly for CCS, are needed to provide a clear regulatory framework for carbon transport and storage.
  • The political will to push for CCS and other decarbonisation measures is growing in the EU to meet the ambitious emission reduction targets.
The Zero Emissions Platform (ZEP) secretary-general emphasized the importance of the EU moving beyond renewables towards a holistic approach to decarbonisation through the Clean Industrial Deal. The industrial sector, responsible for a significant portion of global GHG emissions, necessitates concrete adjustments such as creating markets for decarbonised products like cement, fertilisers, steel, and aluminium. Legislative solutions are crucial for effective carbon management, including establishing clear rules for CCS market functioning. The EU's political will to push for CCS and other decarbonisation measures is gaining momentum to achieve the net 90% GHG CO2 reduction target by 2040. The discussion also highlights the potential of clean hydrogen in decarbonising hard-to-abate industrial processes in the long term. Ensuring a stringent regulatory framework for carbon capture and storage is essential for investors and lenders. The article emphasizes the need for a comprehensive EU-wide approach to industrial decarbonisation beyond renewables and electrification.
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