- Immediate action by the EU and Member States to shore up support for CCS demonstration projects
- Go for low-hanging fruit such as biofuels production (which generates a near-pure CO2 stream)
- Boost research on advanced, second-generation biofuels such as cellulosic ethanol
- Strengthen BECCS value chains (capture, transport, storage)
- Take advantage of potentially greater public openness to BECCS compared to conventional CCS
However, as ZEP itself has noted elsewhere (see ZEP to Rescue CCS in Europe?, 3/1), it is difficult to see how these steps can be effective in the absence of a more fundamental realignment of supply and demand in the EU ETS. EUAs are currently priced at a mere €7.17 ($8.89), offering virtually no structural incentive for covered installations to reduce their carbon footprints.