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Tom Young
1 November 2022
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EU to launch €3bn CCS funding round

Money will come from the Innovation Fund, which has already provided €1.5bn in support to 11 carbon-capture projects

The European Commission will launch a new €3bn ($2.95bn) funding round aimed at incentivising the development of more carbon capture, utilisation and storage (CCUS) projects later this year. The funding will come from the EU’s Innovation Fund, which has already provided €1.5bn in support to 11 CCUS projects. And the Commission will next year publish an official strategy for the sector focused on three areas: funding, infrastructure and regulation. The strategy will quantify the potential role CCS and CCUS can play in decarbonisation, clarify the rules governing infrastructure, and find ways to better involve industry and other stakeholders. “The potential impact of these technologies is too

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Also in this section
US DoE tests DAC technologies
31 March 2023
Two field tests of solid amine sorbent-based DAC systems are currently underway in an effort to increase efficiency and lower costs
Voluntary carbon markets’ growth challenges
31 March 2023
Conference participants voice concerns over public perception and difficulties integrating carbon instruments into broad investment portfolios
UK eyes Cbam as net-zero push accelerates
30 March 2023
Government consults on measures to tackle carbon leakage as it ramps up domestic decarbonisation efforts
Canada extends CCUS tax credit to British Columbia
29 March 2023
Support currently only available to projects in Alberta and Saskatchewan to be extended as part of C$520mn package of policy enhancements

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