
CCS4NetZeroIndustry
Our #CCS4NetZeroIndustry campaign has officially concluded. Since its launch, CCS has gained unprecedented momentum across Europe, with milestones su...
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Publish date: October 25, 2023
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Today the ITRE committee voted on the Net Zero Industry Act, and with the earlier ENVI committee vote on the 20th of September, the Parliament concluded its position on articles pertaining to carbon capture and storage, which the two committees shared competency on. These mostly positive parliament votes help set societal terms for the development of crucial CO2 storage for the EU industry, instead of leaving it to the petroleum industry alone.
Positives:
Missed marks:
With the Parliament’s support and reinforcing the much-needed obligation, alongside a solid injection capacity target, the focus is now on the Council to continue the widespread support for legislation that supports a crucial decarbonisation pathway. These parliament votes help set societal terms for the development of crucial CO2 storage for the EU industry, instead of leaving it to the petroleum industry alone.
“The Parliament has carried forward what the Commission proposed as an appropriate allocation of responsibility. The obligation on oil and gas producers to develop storage injection capacity helps address a key bottleneck of the CCS value chain in climate-relevant timelines” – Aravind Dhakshinamoorthy, Policy Analyst CCS
Read our press release: Bellona EU Press Release_NZIA_2510
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