In the context of Europe's vision of achieving carbon neutrality by 2050

carbon capture

utilization and storage(CCUS) technology

as an important means to achieve carbon emission reduction goals

has embraced a major development opportunity. This paper summarizes the development status of CCUS in Europe

including the financial incentive policies

carbon tax and policies

laws and regulations

and technology innovation policy for the development of CCUS technology in Europe

and the challenges in the process of developing CCUS technology in Europe

including the implementation of public funds

the comprehensive development of CCUS policies

and clear definition of responsibilities for CCUS projects. It points out that up to now

the development of CCUS technology in Europe is relatively mature. Relevant laws and regulations

financial incentives

tax support policies

and technology innovation policies have come into effect. Bioenergy with carbon capture and storage(BECCS) and direct air capture with carbon storage(DACCS) are important means to achieve negative emissions in the future.CO_2 industrial clusters and the development of transportation network can greatly reduce the transportation cost of CO_2

create profits at scale

and thus promote the application of CCUS. In 2020

China made the pledge to achieve carbon peaking by 2030 and achieve carbon neutrality by 2060. Combining the development status and relevant policies of European CCUS with basic national conditions of China

it puts forward the urgent need for current development of CCUS technology in China

and the problems that need to be solved.