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Draghi Report Calls on a Joint Plan for Decarbonization and Competitiveness of Europe via All Available Technologies and Solutions, Including CCUS
14th September 2024
On 9 September, the long-awaited report “The future of European competitiveness” authored by the Former European Central Bank President, Mario Draghi, was released, presenting a series of recommendations for the European Commission to support EU’s...
Q1 2024: CCS Facilities Update
29th August 2024
The number of carbon capture and storage (CCS) projects continues to rise in 2024. Please see below the CCS facility numbers as of Q1 2024, highlighting projects that are operational, under construction, in advanced development...
U.S. DOE Awards $44.5 Million to Advance US Carbon Transport, Storage, and Community Engagement
20th August 2024
This month, the U.S. Department of Energy (DOE) Office of Fossil Energy and Carbon Management (FECM) announced the selection of nine university and industry-led regional partnerships to receive $44.5 million in funding to advance commercial-scale...
U.S. DOE Releases Principles of Guidance for Responsible Development of Carbon Management Projects
9th August 2024
This week the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) released the final version of its Responsible Carbon Management Initiative Principles as part of the pilot phase of the...
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...