CCS Europe is calling on the EC to ensure the Net-Zero Industry Act (NZIA) and its commitment to carbon storage is implemented without delay or dilution.

NZIA marked a major step forward for CCS and for the first time the EU has set a legally binding target of at least 50 million tonnes of annual carbon injection capacity by 2030. CCS Europe maintains that without that capacity a decarbonisation pathway is not ‘credible’ for hard-to-abate sectors such as cement, lime, steel, chemicals, refining or waste-to-energy.

Bergur Løkke Rasmussen, director of CCS Europe said: “The target of fifty million tonnes by 2030 will not be delivered by ambition alone. It requires permits, projects, infrastructure, and investment certainty.”

CCS Europe is also calling for meaningful penalties for non-compliance that are set at a level that is ‘effective, proportionate and genuinely dissuasive’. CCS Europe stresses that storage capacity alone will not create a functioning CCS market, NZIA must be connected to carbon transport infrastructure, open access rules, cross-border coordination and a genuine carbon transport and storage market.

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