How the Net Zero Industry Act can create a European low-carbon industrial base through deploying carbon capture and storage

The briefing outlines five recommendations to enhance the Net Zero Industry Act (NZIA) to meet Europe's climate goals, focusing on increasing CO2 storage capacity, creating an EU-level aggregation platform for CO2 markets, improving Member State mapping of storage potential, leveraging oil and gas sector resources, and accelerating infrastructure permitting.

• To reach climate neutrality by 2050, Europe requires an annual CO2 capture and storage capacity of between 300 and 550 million tonnes, according to the European Commission, IPCC, the European Scientific Advisory Board on Climate Change, and the IEA.
• The NZIA proposal's target of 50 million tonnes of annual injection capacity by 2030 is considered a 'bare minimum' and a significant challenge, as there are currently no operational CO2 storage sites in the EU and only one project has reached a final investment decision.
• The author proposes the creation of an EU-level aggregation platform for CO2 capture and storage to efficiently match CO2 sources with storage sinks and coordinate project developers.
• The briefing suggests that Member States should develop an 'EU CO2 storage atlas' using consistent methodologies to map geological storage potential and plan cross-border CO2 networks involving pipelines, shipping, rail, and road transport.
• The document argues that the oil and gas sector should be obligated to provide CO2 storage capacity, suggesting that the NZIA include proportionate penalties and fines for producers who fail to meet these obligations, with funds redirected to transport and storage networks.
• To accelerate infrastructure, the author recommends that the NZIA include measures to speed up the granting of exploration licenses for CO2 storage and allow 'anchor' capture projects to apply for Net Zero Strategic Project status.

APA

Pernot, E., & Lockwood, T. (2023). How the Net Zero Industry Act can create a European low-carbon industrial base through deploying carbon capture and storage. Clean Air Task Force. https://www.catf.us/2023/09/how-net-zero-industry-act-create-european-low-carbon-industrial-base-deploying-carbon-capture-storage/

Chicago

Pernot, Eadbhard, and Toby Lockwood. How the Net Zero Industry Act can create a European low-carbon industrial base through deploying carbon capture and storage. Clean Air Task Force, 2023. https://www.catf.us/2023/09/how-net-zero-industry-act-create-european-low-carbon-industrial-base-deploying-carbon-capture-storage/.

Wikipedia

{{cite report |last1=Pernot |first1=Eadbhard |last2=Lockwood |first2=Toby |title=How the Net Zero Industry Act can create a European low-carbon industrial base through deploying carbon capture and storage |publisher=Clean Air Task Force |date=25 September 2023 |url=https://www.catf.us/2023/09/how-net-zero-industry-act-create-european-low-carbon-industrial-base-deploying-carbon-capture-storage/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{pernot2023how, author = {Pernot, Eadbhard and Lockwood, Toby}, title = {{How the Net Zero Industry Act can create a European low-carbon industrial base through deploying carbon capture and storage}}, institution = {Clean Air Task Force}, year = {2023}, month = sep, url = {https://www.catf.us/2023/09/how-net-zero-industry-act-create-european-low-carbon-industrial-base-deploying-carbon-capture-storage/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }