The report assesses the cost implications of infrastructure for CO₂ transport and storage between the EU/EEA and the UK.
The UK possesses significant capacity for CO₂ storage, offering European emitters a cost-effective alternative by reducing transport distances compared to other options. By 2040, the implementation of cross-border CO₂ transport and storage infrastructure between the EU/EEA and the UK could lead to cost savings of approximately 20% for European emitters compared to infrastructure limited to the EU and EEA. For North-West European countries, these savings could exceed 28%. The primary driver of these cost reductions is the shorter transport distance to offshore storage, which accounts for 60% of the total savings for EU emitters.