Europe races ahead in carbon capture as U.S. faces potential delays due to policy uncertainties.

The U.S., once a leader in carbon capture and storage (CCS), may face delays due to political uncertainty and proposed changes to the Inflation Reduction Act (IRA), which boosted CCS tax credits. Europe, however, is surging ahead with its Net-Zero Industry Act, mandating CO2 storage capacity and offering investors a stable environment. This shift could position Europe as the new global leader in CCS innovation, while the U.S. faces potential investment slowdowns.