The production of syngas (i.e., a mixture of CO and H 2 ) via the electrochemical reduction of CO 2 and water can contribute to the green transition of various industrial sectors.Here we provide a joint academic−industrial perspective on the key technical and economical differences of the concurrent (i.e., CO and H 2 are generated in the same electrolyzer cell) and separated (i.e., CO and H 2 are electrogenerated in different electrolyzers) production of syngas. Using a combination of literature analysis, experimental data, and techno-economic analysis, we demonstrate that the production of synthesis gas is notably less expensive if we operate a CO 2 electrolyzer in a COselective mode and combine it with a separate PEM electrolyzer for H 2 generation. We also conclude that by the further decrease of the cost of renewable electricity and the increase of CO 2 emission taxes, such prepared renewable syngas will become cost competitive.