France's CCUS Strategy Faces Challenges Amid EU Market Fragmentation
France's carbon capture, utilization, and storage (CCUS) market is underdeveloped compared to other European regions, with adoption below 10%. The country aims to cut emissions by 3% per year to achieve its 2030 and 2050 targets.
Recent funding through the Carbon Contract for Differences will support several CCUS projects, targeting 3.5 million tonnes of CO₂ emissions reduction. However, the imbalance in the CCUS value chain, with capture outpacing transport and storage, poses challenges.
France's strategy relies on international cooperation for CO₂ transport and storage, particularly in the North Sea. Long-term goals require rapid domestic storage site development to mitigate reliance on external capacity, which remains uncharacterized and underutilized due to regulatory uncertainties and public opposition.
