CO₂ storage: Commission holds oil and ga • Table.Briefings

Das norwegische CCS-Projekt Northern Lights will auch CO2 aus der EU speichern - und wurde jetzt fertiggestellt. — The Norwegian CCS project Northern Lights stores CO₂ in geological formations. The EU Commission is now calling for European oil and gas companies to develop similar storage facilities.

The EU has committed 44 oil and gas companies to develop geological CO₂ storage facilities by 2030. This is intended to drive forward emissions reduction and CO₂ removal. The NGO Clean Air Task Force calls this a „milestone.“

At the end of last week, the EU took a major step towards the development of geological CO₂ storage facilities. Under the Net Zero Industry Act, 44 European oil and gas companies are obliged to provide CO₂ storage capacities of 50 million tons by 2030. This was announced by the European Commission in the form of a Delegated Regulation. Depending on their share of European oil and gas production, companies must develop geological storage facilities of different sizes.

CO₂ storage: Commission holds oil and gas companies accountable.

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