focus should be on more innovative

Today, the only form of large-scale, permanent, and profitable carbon sequestration is enhanced oil recovery (EOR), whereby the captured carbon is reinjected to extract more oil or gas. In fact, nearly 70 per cent of CO2 captured globally is currently used for EOR. This is clearly not sustainable, and the global focus should be on more innovative solutions. Another example of commercially viable use of CCUS is CO2-based synthetic fuels, such as “electrofuels” or “e-fuels”. These use captured CO2 and electricity to produce “drop-in” diesel or gasoline, methanol, and similar fuels that can power vehicles, aeroplanes, and ships. EU policies have incentivised CO2-based synthetic fuels, in particular through the recast Renewable Energy Directive to 2030. Although the EU should still phase out emissions-producing cars and vans by 2035, it should also continue to support e-fuels สล็อต