ZEP responded to the EU ETS consultation highlighting that the revision of the EU ETS will need to be aligned with climate neutrality by 2050 and deliver on the increased 2030 ambitions.
The revision of the EU ETS directive will bear several consequences for CCS and CCU projects. As geological storage sites are not evenly distributed among member states, the large-scale deployment of cross-border, European CO2 transport and storage infrastructure is crucial to reach the European Union’s objective of net-zero GHG emissions by 2050. This infrastructure will enable clean, competitive energy and industrial sectors, early large-scale clean hydrogen and, not least, the delivery of significant volumes of carbon emission removals (CDR). Today, there are no incentives to support the uptake of CDR, which will be needed to achieve climate neutrality by 2050 and should be appropriately incentivised.