Network Policy and Economics is a network of stakeholders interested in the development and deployment of Carbon Capture and Storage and Carbon Capture and Utilisation in Europe. The network closely follows the ongoing policy developments across Europe, both at a European Commission level and a member state level and provides input through working groups where necessary. The network also focusses on the economics associated with policy decisions and CCS deployment, again working through temporary working groups to publish reports and recommendations. The network meets every 3-4 months to discuss ongoing policy and project development and review the activities of the temporary working groups.
This Temporary Working Group focusses on the development of the policy and funding aspects of the European ‘Long-term Strategy’ and the funding mechanisms which will support the European climate ambitions. This includes providing advice through recommendation documents and consultation responses on the design of the forthcoming Innovation Fund, Horizon Europe and use of unspent funds from the NER300 scheme.
The Temporary Working Group for Sustainability Taxonomy follows the EU Taxonomy for Sustainable Activities process and provides input where necessary. The group provides input to the Technical Expert Group and the European Commission giving an expert opinion on the role of CCS and CCU in enabling sustainable EU industrial activities.