Polimi Report Highlights CO₂ Capture Potential and Challenges in Europe and Italy
A report from Polimi School of Management highlights the potential and challenges of CO₂ capture and storage in Europe and Italy, particularly at the Ravenna site. While global Carbon Capture Utilisation and Storage (CCUS) projects aim to increase captured CO₂ significantly by 2050, Italy's announced storage capacity of 4 million tons annually faces regulatory uncertainties and requires substantial public funding of €1.6 to €3.1 billion per year to support decarbonization efforts.
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The Energy&Strategy study from Polimi School of Management analyzes CO₂ capture and storage development in Europe and Italy, focusing on the Ravenna site, regulatory and financial challenges, and the risk of misalignment between capture capacity and storage infrastructure by 2030. Carbon Capture Utilisation and Storage (CCUS) projects globally reached 62 operational plants by 2025, capturing 64 million tons of CO₂ annually, with an EU target of increasing captured CO₂ from 50 million tons in 2030 to 450 million tons by 2050.
Italy ranks third in the EU for announced storage capacity by 2030, with 4 million tons annually linked to Ravenna. The report emphasizes the need for public funding estimated between €1.6 and €3.1 billion annually to support decarbonization efforts. Regulatory uncertainties and insufficient mechanisms threaten to delay necessary projects.
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