Carbon capture, utilization and storage (CCUS) can be a strategic opportunity to decarbonize Spain’s industry, boosting its competitiveness and helping meet climate goals. Spain should deploy a strategy that aligns regulations and incentives to support industrial innovation.

Carbon capture and storage (CCS) encompasses various technologies, making it difficult to estimate an average cost that should decline with proper incentives and scale. Moreover, as carbon emissions become more expensive, the economic breakeven point approaches and social returns increase.