Draft Carbon Capture, Storage and Use (CCUS) Strategy

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In June 2023, the French government released a draft CCUS strategy for consultation with industry. In its strategy, the government outlines carbon capture targets for France that include:<ul><li>4 to 8.5 million tons of CO2 captured a year by 2030&nbsp;</li><li>15 to 20 million tons of CO2 captured a year by 2050&nbsp;</li><li>an extra 10 million tons of CO2 captured a year in non-industrial sectors around 2050.</li></ul> The strategy is built on the principle that CCUS should not be used to maintain a “business as usual” approach but to be used to manage residual emissions in the absence of other solutions for decarbonisation or as a transition solution. Actions in the draft strategy include:<ul><li>carrying out an assessment of the potential of storage by the end of 2023 or beginning of 2024&nbsp;</li><li>launching a call for tenders for seismic surveys and test injections of CO2 in pilot sites, with initial tests starting in 2024-2025</li><li>launching a support scheme via contracts for difference (CCFD) to support industry decarbonisation projects, in particular in the service of carbon capture and sequestration.</li></ul>

Carbon Capture Storage and Use (CCUS) Strategy

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

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Area of the economy in which actors engage in identical or related activities.

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Heat extracted from the ground, usually in the form of hot water or steam and typically referred to as hydrothermal fluid.

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Draft Carbon Capture, Storage and Use (CCUS) Strategy

Target

Policy instrument

Risk

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Adaptation/resilience

Finance