CCS stands for Carbon Capture and Storage. It covers the entire chain of capture, transport and storage of CO2 emitted by fossil fuels like oil, coal and gas. Alongside energy savings and sustainable energy CCS is highly significant in enabling climate objectives.
CCS is an important climate technology which should make a major, medium-term contribution to climate objectives. European and wider international agreements are in place to drastically cut emissions of greenhouse gases like CO2. The Netherlands aims for a 20% reduction of CO2 emissions in 2020 (compared with 1990).
CCS is an important measure in the context of climate policy and large-scale deployment is feasible within 5 to 10 years. CCS’s potential goes beyond cutting CO2 emissions from coal and gas-fired power plants. It is also the only measure capable of strongly cutting CO2 emissions at other major sources including energy-intensive industries which will remain dependent on fossil fuels for decades ahead.
CCS is also a more efficient CO2 reduction technology. According to the International Energy Agency (IEA) CCS means at least 70% lower costs compared with other scenarios for achieving climate objectives in 2050.