Joint letter – ICC reform and expansion risks diverting ETS Revenues from real climate action
ICC reform and expansion risks diverting ETS Revenues from real climate action In light of the European Commission’s ongoing considerat...
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Publish date: March 26, 2021
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As part of the ongoing revision of the TEN-E regulation and the campaign #TenETuesday, the Spanish Manufacturer’s Cement Association, Oficemen, has written a letter in support of it’s recognition of CO2 storage and transport by modalities other than pipeline (such as ship, rail, truck and barge) to reach the set EU’s target of climate neutrality by 2050.
Carbon capture, transport and storage in sectors such as cement is necessary to achieve climate neutrality and enable negative emissions.
According to Ancieto Zaragoza, General Manager at Oficemen, the current development and deployment of CCS in Europe are insufficient. To achieve systemic deployment of CCS, the revised TEN-E Regulation needs to incentivise investments and maintain flexibility to accommodate CCS technologies across the entire value chain.
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