Open Letter – Harnessing the Important Project of Common European Interest (IPCEI) mechanism to accelerate carbon capture, transport and storage infrastructure in Europe 

Publish date: June 17, 2024

Bellona, together with other 29 members of the industrial carbon management community and umbrella organisations, express its support to the inclusion of an Important Project of Common European Interest (IPCEI) in the area of industrial carbon management and in particular CO2 capture, removal, utilisation, transport and storage in the next IPCEI round. 

Industrial carbon management has been recognised as a necessary element in reaching the European Union’s goals for climate neutrality, as well as in helping decarbonise production processed in industrial sectors critical to the European economy, as emphasised by the Commission’s Industrial Carbon Management Strategy (ICMS) and the Net Zero Industry Act (NZIA). 

The lack of viable business cases and de-risking mechanisms constitute a major obstacle in the development of industrial carbon management in Europe. IPCEIs have a proven track record of accelerating industrial production and unlocking private investment in strategic sectors. The large, cross-border nature of CCUS projects makes the IPCEI instrument well-suited to support infrastructure investments critical for the EU’s climate and industrial goals. 

Read the full letter below.

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