Carbon Border Adjustment Mechanism
The EU carbon border mechanism, designed to prevent carbon leakage (the shift of production to less-regulated jurisdictions) will be phased in transitionally from October 2023, with the system in full force from 2026. It sets a carbon price on carbon-intensive goods entering the EU to create a level playing field for EU producers as free […]
Net Zero Industry Act
A March 2023 proposal to include CCUS as one of eight strategic climate technologies, set a target of 50 million tonnes per year of storage capacity by 2030, support and possibly mandate for developing storage capacity.
Projects of Common Interest
Accelerated permitting and Connecting Europe funding for key cross-border infrastructure projects, such as CCUS transport and storage infrastructure, connecting energy systems and aligned with the Paris Agreement.
European Innovation Fund
Risk-sharing support of up to 60% of additional capital and operation costs for large and small-scale flagship decarbonization projects, including a focus on construction of CCS infrastructure, carbon capture, and carbon utilization. Funds derived from ETS; disbursed between 2020-2030