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France Outlines CCUS Trajectory in the Country’s Transition Towards Carbon Neutrality in Updated National Strategy
9th July 2024
On 4 July, the French Ministry for the Economy, Finance and Industrial and Digital Sovereignty released an updated version of its national CCUS Strategy, unpacking the state of play and future prospects for the deployment...
European Commission Approves €3 Billion Swedish Scheme to Support the Reduction of Biogenic CO2 Emissions via CCS
5th July 2024
On 2 July, the European Commission approved a €3 billion (SEK 36 billion) Swedish scheme under the EU State aid rules to support the capture, transport and storage of biogenic CO2 (generated by biomass combustion or...
Austria Unveils National Strategy to Regulate the Cost-effective Deployment of Carbon Management and Meet Climate Targets
3rd July 2024
On 26 June, Austrian Federal government adopted its national carbon management strategy, laying the groundwork for the future scale-up of carbon management technologies in the country. Jointly prepared by the Austrian Federal Ministry of Finance...
Iowa Utilities Board Approves Summit Carbon Solutions Pipeline Project
28th June 2024
On June 25th, the Iowa Utilities Board (IUB) unanimously approved the Summit Carbon Solutions’ (“Summit”) CO₂ pipeline project to proceed with construction across 29 counties in Iowa. The decision comes after a two-year process that involved...
Canadian Parliament Passes Bill C-59, Providing CCUS Investment Tax Credit
26th June 2024
On June 19, 2024, the Canadian Parliament passed Bill C-59, establishing an investment tax credit (ITC) for a clean economy, including for carbon capture, utilization and storage (CCUS) projects. The ITC will cover qualified projects...
Norway and Denmark Award New Exploration Licences for Offshore and Onshore CO2 Storage
24th June 2024
On 20 June, CCS front-runners Norway and Denmark announced the granting of new exploration licences to investigate additional CO2 storage opportunities in the North Sea and under the Danish mainland, respectively. As part of the...
Open letter of support | Harnessing the Important Project of Common European Interest (IPCEI) mechanism to accelerate CCS infrastructure in Europe
22nd June 2024
In an open letter, the Global CCS Institute eagerly joined 29 signatories from the industrial carbon management community to support the Important Projects of Common European Interest (IPCEI) mechanism to further drive CCS and industrial...
Wyoming Issues Draft Injection Well Permit for Tallgrass CCS Project
11th June 2024
On June 8, 2024, the Wyoming Department of Environmental Quality (DEQ) issued a draft Class VI injection well permit under the federal Underground Injection Control (UIC) program for the Juniper I-1 well application submitted by...
Illinois Legislature Passes Sweeping CCS Safety Bill, Pauses CO2 Pipeline Development
31st May 2024
This week, the Illinois State Legislature passed the “SAFE CCS Act,” SB1289, which outlines a series of CCS provisions for the state. The SAFE CCS Act addresses pore space ownership and severability, unitization, protections for...
US Government Releases Statement and Principles for Voluntary Carbon Markets, Announces Semifinalists in Carbon Dioxide Removal Purchase Pilot Prize
31st May 2024
On Tuesday, May 28th, 2024, the US Department of Treasury, together with the Secretaries of the US Department of Agriculture, US Department of Energy, and National Economic and Climate Advisors, jointly released a policy statement...
US DOE Announces up to $524 Million to Expand Nation’s CO2 Transportation System
21st May 2024
The U.S. Department of Energy (DOE) office of Fossil Energy and Carbon Management (FECM) released two funding opportunity announcements (FOAs) totaling up to $524 in support of expanding carbon transport systems in the United States. ...
Australian Federal Budget Makes Inclusions for CCS
16th May 2024
The Australian Treasurer, Dr Jim Chalmers, handed down the Federal Budget 2024-25 this week. The budget outlines the government's financial plan, highlighting key priorities, spending allocations, and forecasts. Importantly, the budget included AU$22.7bn, committed...