Joint letter – ICC reform and expansion risks diverting ETS Revenues from real climate action
In light of the European Commission’s ongoing considerations to amend the ETS State Aid Guidelines, revising the rules for Indirec...
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Publish date: April 12, 2022
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As part of the recently launched campaign series #TenTTuesday Bellona Europa and CATF arranged an online event on the 6th of April. The event included an interesting line-up, with all parts of the Carbon Capture and Storage value chain represented.
The Zero Emissions Platform moderated the event, available in its entirety at the end of this article. The full agenda for the event was as follows:
With the release of the most recent IPCC report on Monday the 4th of April, the need for CCS on the path to net-zero by 2050 was again confirmed. There is little doubt of the importance of CCS in industrial decarbonisation efforts, it being relied upon on nearly all net-zero compliant models included in the IPCC AR6 WG III Report. Read Bellona Europa’s full analysis of the IPCC report here.
There are still, however, barriers and challenges facing large-scale deployment of CCS. At the Bellona Europa and CATF event, the role and importance of multiple transport modalities in addressing these challenges was discussed in great detail.
Of particular importance, was the ongoing revision of the TEN-T Regulation, presented in the event as an important opportunity to reduce investor risk, as well as counter monopolistic tendencies. Multiple transport modalities were also highlighted as important to ensure equitable access to storage, in particular for industry situated in countries where CO2 storage is not available, contributing to European cohesion.
Finally, the recommendation from the event was clear:
If you missed the event you access it in its entirety below.
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