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Carbon Capture and Storage: what does the future hold?
- Macro economy
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Carbon capture and storage (CCS) is increasingly viewed as a necessary complement to energy efficiency and renewable energy in achieving net zero-emissions. The EU has acknowledged this role by establishing a certification framework for carbon removals, carbon farming and carbon storage in products. Global CCS deployment is projected to increase from 60 MtCO2/year today to 2.6 GtCO2/year in 2060. Today, around 85% of installed CCS capacity is linked to natural gas processing, but the sector is expected to shift towards other hard-to-abate industries by mid-century. Europe is expected to emerge as one of the world’s leading CCS markets, driven by rising carbon prices, industrial carbonization needs and growing transport and storage infrastructure.
The economic impact of a hotter Europe
- Macro economy
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The summer of 2026 has so far been exceptionally warm and dry, with wildfires spreading across large parts of Europe. Recent indicators of land temperatures, drought conditions and wildfire activity are significantly exceeding longer-term trends. Moreover, economic losses associated with heatwaves, droughts and wildfires have risen steadily over time. In this note, we estimate the economic losses incurred across Europe during the summer of 2026, and we also consider what these developments may imply for the Netherlands. Finally, we examine the implications of these extreme weather events for energy markets.
ESG Strategist - Utilities poised to boost ESG Bond issuance
- Sustainability
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Euro-ESG bond issuance fell 7% in 2025 compared to 2024. This decrease was driven by regulatory and political shifts worldwide, particularly the relaxation of some criteria to meet the EU’s 2040 targets and the reduction by 90% in companies within scope of the CSRD. Looking forward to 2026, ESG issuance is expected to rise by 14% to EUR 260 bn. Growth will be fuelled by corporate issuance – especially utilities – and sovereign issuers. As for financial institutions, ESG issuance is projected to remain broadly stable versus last year.
ESG Economist - Will the Netherlands meet the EPBD targets?
- Macro economy
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In May 2024, the European Commission introduced the revised Energy Performance of Buildings Directive (EPBD), a significant regulation designed to improve the energy efficiency of buildings across the European Union (EU). The directive sets ambitious targets, including the goal of achieving a fully decarbonized building stock by 2050. In this note, we analyse the current state of the Dutch residential real estate sector and project whether the country is on track to meet the ambitious targets set by European regulations.
ESG Economist - Climate Outlook 2026: Beyond 1.5 °C
- Macro economy
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Surpassing 1.5°C global warming is increasingly near, and continuing current policies would lead to around a 2.8 °C temperature increase. The EU agreed on its NDC 3.0 just in time; however, ambition seems to have weakened increasing the chance that goals will not be met.
ESG Economist - EU ETS Price Scenarios: Economic impact the Netherlands
- Macro economy
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In September, ABN Amro Group Economics published projections for EU ETS prices under various scenarios. This note builds on those scenarios, analysing their potential impact on key macroeconomic variables in the Netherlands.
ESG Economist - Are we ambitious enough to protect nature?
- Sustainability
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In our previous note [1], we introduced the topic of nature and biodiversity loss, reflecting on what biodiversity loss could mean for the economy, households, and the financial system. In this follow-up note, we focus specifically on the European Union (EU). We examine past trends in nature and biodiversity across the continent, review key EU policies designed to halt biodiversity loss, with an emphasis on nature-related transition risks, and provide an outlook for the future.
ESG Economist - An introduction to nature-related risks
- Sustainability
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Economies are deeply reliant on ecosystem services like food, water, and climate regulation, yet alarming trends reveal the rapid degradation of critical natural ecosystems.
ESG Strategist – EU ETS costs will not eat into company’s profits
- Sustainability
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In this note, we analyze the impact of increasing ETS prices on companies’ results from the sectors under EU ETS and EU ETS2. According to our results, the impact on the electricity sector is quite benign, especially if we consider that the cost pass through is limited to 42%.
ESG Strategist – Limited impact expected from changes to the ECB collateral framework
- Sustainability
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The ECB has recently announced a change to its collateral framework. From the second half of 2026, haircuts to non-financial institutions’ bonds will be adjusted by a climate factor. The latter will serve as a buffer, mitigating the potential financial impact of climate-related uncertainties on collateral value and is calculated based on a sector-specific stressor, an issuer-specific exposure and an asset-specific vulnerability.
