European oil and gas producers call for a ‘CCS Bank’
The EU should introduce a carbon contracts for difference (CCfD) auctioning mechanism, fed by the EU ETS Innovation Fund, to incentivise CO2 capture and storage, a Brussels-based advocacy group for oil and gas producers said on Monday.
Read MoreEU legislation on CO2 transport not expected until H2 2025
Legislative proposals to govern the transport of CO2 in Europe are coming, but may only see the light of day after Poland wraps up its six-month EU presidency, the country’s state secretary for climate and environment told an event in Brussels last week.
Read MoreEU carbon removal methodologies risk ‘very significant’ over-crediting, warns think tank
Six draft methodologies proposed by the European Commission in October under the EU’s Carbon Removal and Carbon Farming (CRCF) regulation need “considerable improvement” to comply with best practices in carbon crediting, according to a German think tank.
Read MoreEnergiewende faces fresh headwinds as Germany calls snap election
Several key energy and climate plans – including hydrogen-ready gas-fired power plants and carbon capture utilisation and storage (CCUS) projects – face uncertainty in Germany as the country prepares for a snap election on Feb. 23, 2025.
Read MoreElectrification push threatens climate resilience, says Belgium system operator
The political push to massively electrify energy systems risks making them more vulnerable to climate change, said the chief transition officer of the Flemish distribution system operator (DSO) at an event in Brussels.
Read MoreFEATURE: The risks facing EU CO2 storage and how to manage them
The EU does not have a single operational CO2 storage site, but the ambition of storing 50 million tonnes of CO2 a year from 2030, and while oil and gas operators are likely to be responsible for delivering the target, they have less than a year, until June 2025, to confirm how many tonnes they will store and where.
Read MoreBRIEFING: How to derisk the European CCUS value chain
The Net Zero Industry Act (NZIA) and EU ETS combo could unlock European CCUS projects — if public authorities step up to help derisk the value chain, for example through government guarantees.
Read MoreKey EU lawmaker lays out vision for Clean Industrial Deal, points to possible compromise
Leveraging future EU ETS revenues, de-risking low-carbon investments, and advancing CBAM should all be part of an EU Clean Industrial Deal, the former chair of the European Parliament’s environment committee told an industry event this week, pointing at potential compromise in the EU.
Read MoreINTERVIEW: Europe’s net-zero agenda must get to grips with geopolitics
Geopolitical risk must be put at the heart of government and business decisions for Europe to retain its climate leadership and succeed in bringing down emissions, a German climate, energy, and security expert told Carbon Pulse.
Read MoreEU applies ‘resilience criteria’ to bolster domestic cleantech
The European Commission will apply a 25% cap on sourcing electrolyser stacks from China in the next auction of its Hydrogen Bank, but local content requirements remain controversial, participants heard at the EU’s cleantech summit this week.
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