Europeds Net-Zero Industry Act: What does it mean for carbon capture and storage?

The Net-Zero Industry Act (NZIA) proposal introduces a target of 50 million tonnes of annual CO2 injection capacity by 2030 to address storage bottlenecks in Europe. It mandates Member States to map suitable storage areas and requires oil and gas producers to share geological data and contribute to the storage target based on their production shares from 2020-2023. To accelerate deployment, the NZIA allows CO2 storage projects to seek 'Net-Zero Strategic Project' status, potentially reducing permitting times to 18 months. However, the document notes that success depends on overcoming coordination failures between Member States, establishing consistent transport network regulations, and implementing bankable funding mechanisms.

• The NZIA proposal establishes a target for the European Union to reach an annual CO2 injection capacity of 50 million tonnes by 2030, recognizing storage as a primary bottleneck for industrial decarbonisation.
• To improve regional coordination and create a single market for storage services, the NZIA requires Member States to identify and publish areas where CO2 storage sites can be permitted.
• The NZIA assigns specific responsibilities to the oil and gas sector, requiring licensees to make geological data from decommissioned production sites public and mandating individual contributions to the EU storage target based on production shares from 1 January 2020 to 31 December 2023.
• CO2 storage facilities can be designated as Net-Zero Strategic Projects (NZSP), which enables them to obtain storage permits within 18 months of application if they are located in the EU and operational by 2030.

APA

Pernot, E., & Lockwood, T. (2023). Europeds Net-Zero Industry Act: What does it mean for carbon capture and storage? Clean Air Task Force. https://www.catf.us/2023/03/europes-net-zero-industry-act-what-does-mean-carbon-capture-storage/

Chicago

Pernot, Eadbhard, and Toby Lockwood. Europeds Net-Zero Industry Act: What does it mean for carbon capture and storage? Clean Air Task Force, 2023. https://www.catf.us/2023/03/europes-net-zero-industry-act-what-does-mean-carbon-capture-storage/.

Wikipedia

{{cite report |last1=Pernot |first1=Eadbhard |last2=Lockwood |first2=Toby |title=Europeds Net-Zero Industry Act: What does it mean for carbon capture and storage? |publisher=Clean Air Task Force |date=22 March 2023 |url=https://www.catf.us/2023/03/europes-net-zero-industry-act-what-does-mean-carbon-capture-storage/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{pernot2023europeds, author = {Pernot, Eadbhard and Lockwood, Toby}, title = {{Europeds Net-Zero Industry Act: What does it mean for carbon capture and storage?}}, institution = {Clean Air Task Force}, year = {2023}, month = mar, url = {https://www.catf.us/2023/03/europes-net-zero-industry-act-what-does-mean-carbon-capture-storage/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }