The European Council has recently agreed to increase the EU’s carbon reduction target to at least 40% in 2030 compared to 1990 levels, while Carbon Capture and Storage (CCS) has also been explicitly included as eligible under a new NER400 funding programme.
The latter is seen as another important milestone for the development of CCS, and has been welcomed by both the Carbon Capture and Storage Association (CCSA) and the Global CCS Institute.
The council has agreed that Member States should be free to choose the most appropriate technologies to reduce emissions with the target of at least 27% renewable energy in the mix by 2030, binding only at an EU level.
Also included was a renewed NER400 facility, aimed at ‘carbon capture and storage and renewables, with the scope extended to low carbon innovation in industrial sectors’.
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