Abstract:
The competition for carbon capture, storage, and utilisation is intensifying. Historically dominated by North America, the lead in this technology is now being seized by key players across Asia - reaching from Saudi Arabia to Japan. Unlike traditional energy (transition) geopolitics, this new arena prioritises technology, geology, and industrial leadership over raw materials. For Germany and Europe, the developments imply a need for more pragmatism in climate diplomacy and policy instruments. Moreover, to keep pace with competitors, policymakers should adopt a proactive approach to CCS vis-à-vis technology and industry.