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Following the revision of the Trans-European Networks for Energy (TEN-E) Regulation, ZEP sent a letter to Commissioner for Energy Kadri Simson to share the Platform’s thoughts and highlight that CO2 transport and storage infrastructure is crucial to achieve climate neutrality in the EU by 2050 and should be included in a revised TEN-E Regulation.

ZEP is pleased to provide input to the consultation on the draft delegated acts, outlined as follows:
1. Comments on the principles of the European Taxonomy for Sustainable Finance
2. Hydrogen threshold
3. Electricity threshold
4. CO2 transport
5. Biomass with CCS
6. Waste-to-Energy with CCS
7. Carbon Capture and Utilisation

Revision of the EU ETS will need to be aligned with climate neutrality by 2050 and deliver on increased 2030 ambitions.

The upcoming revision of the EU ETS directive presents the opportunity to raise the ambitions of the EU ETS, aligning it to the objective of climate neutrality by 2050 and to the new, increased 2030 greenhouse gas emissions reduction target, as soon as the negotiations will be finalised. As noted in previous responses, ZEP believes that the 2030 target should put the EU on a cost-efficient pathway towards net-zero by 2050.

A new political reality in EU and beyond with climate change at the heart.

With the European Green Deal and European Climate Law, the European Union has increased its climate ambitions and formalised its support for the target of climate neutrality by 2050. Related to the European Climate Law, the European Commission has recently proposed to increase the current 2030 greenhouse gas (GHG) emissions target to reflect the increased climate ambitions of the EU. The Commission’s proposal – currently in negotiation with the European Parliament and Member States – outlines a plan to increase EU GHG emissions reduction target to at least 55% compared to 1990 levels by 2030 within the European Union.

The increased EU ambition for GHG emissions reduction by 2030 will make the role of CCS even more critical and the large-scale deployment of CCS within the 2020s becomes crucial to support the climate ambitions of the European Union.

Achieving climate neutrality will prove to be an unprecedented challenge for the European Union. As the European Climate Law states, reaching the objective of climate neutrality within the European Union by 2050 will require efforts from all economic sectors in the Union. For energy-intensive industries such as cement, lime and steel – key industrial chains for the European economy – the pathway towards net-zero greenhouse gas (GHG) emissions by 2050 will be technically and economically challenging and the risk of carbon leakage is a serious factor that has to be taken into account.