Introduction

Given the developments in the US and EU, this paper will discuss the relevant provisions of the IRA and the identified policy responses in the EU with a focus on carbon capture, utilisation, and storage (CCUS). As mentioned earlier, carbon capture technologies are expected to play a pivotal role in the transition towards a net-zero emissions economy and curtailment of CO2 emissions in sectors where hydrocarbons cannot be efficiently replaced by renewable energy or electrification. The second and third sections of this paper will examine and discuss the relevant IRA provisions generally ...