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CCS Takes Leap Forward in the North Sea: Three Final Investment Decisions (FIDs) reached by major CCS projects in Denmark and the UK
12th December 2024
Three major Carbon Capture and Storage (CCS) projects in Denmark and the UK have reached their Final Investment Decisions (FIDs), marking a significant milestone for CCS in Europe and the UK. These projects mark significant...
Australia Advancing Cross-Border Carbon Capture and Storage: Ratification of the 2009 Amendment to the London Protocol
14th November 2024
On the 7th of November, Australia declared provisional application of the 2009 amendment to the London Protocol. This marks the achievement of a significant milestone in realising cross-border CCS projects in the region. This...
Canada Proposes Regulations to Cap Carbon Emissions
7th November 2024
On Monday, 4 Nov. 2024, the Canadian government released draft regulations to cap carbon emissions from upstream oil and gas facilities and reduce greenhouse gas (GHG) pollution by 35% below 2019 levels by 2030. The...
16 Industrial Carbon Management Projects Selected out of the 85 Innovative Net-zero Projects to be granted 4.8 billion Under the Innovation Fund
24th October 2024
On 23 October, the European Commission selected 85 innovative net-zero projects under the 2023 Innovation Fund (IF) call for proposals launched in November 2023. The list of winners includes projects located across 18 countries and...
Moomba CCS project in Australia’s Cooper Basin commences operations
22nd October 2024
In October 2024, the Moomba CCS project in Australia’s Cooper Basin was brought on-line, following successful commissioning and ramp-up. Moomba CCS is now one of the world’s largest operating CCS projects, with a potential to...
Topic(s): Australia, CCS Project
Germany Awards up to EUR 2.8 Billion Under the First Round of Climate Protection Contracts
18th October 2024
On 15 October, the Federal Ministry for Economic Affairs and Climate Protection (BMWK) announced the award of up to EUR 2.8 billion to support fifteen national companies in their decarbonisation efforts. The funding was granted...
Six EU Countries Call on the European Commission to Urgently Establish a CO₂ Transport Regulatory Package
14th October 2024
On 10 October, 6 European countries, namely France, Denmark, Germany, the Netherlands, Sweden and Finland, joined forces to urge the European Commission to establish an appropriate European framework for cross-border CO₂ transport infrastructure. This joint...
CCS in Denmark Gets a New Boost With Tendering Procedure Allocating DKK 28.7 Billion Under the CCS Fund
12th October 2024
On 9 October, the Danish Energy Agency published details of a new tendering procedure which will be used to grant DKK 28.7 billion (approximately USD 4.2 billion) to CCS, confirming Denmark’ s commitment to steadily...
UAE New Federal Decree-Law Underscores the Potential of CCUS in Contributing to the Country’s Climate Ambition
7th October 2024
At the end of August 2024, the UAE Cabinet released a new federal decree-law on the reduction of climate change effects, outlining CCUS as one of the climate change mitigation tools able to contribute to...
UK Commits to £21.7 Billion to Advance Carbon Capture Projects, Aiming to Become a Global Leader in CCUS and Hydrogen
5th October 2024
On 4 October, the UK government announced £21.7 billion of funding for carbon capture projects located in the East Coast Cluster and the HyNet cluster, marking a crucial step forward in the development of these...
Scotland Unveils Green Industrial Strategy, Highlighting CCUS as a Key Area of Opportunity to Drive Growth and Investments in the Country’s Net-zero Transition
16th September 2024
On 11 September, the Scottish government published its Green Industrial Strategy, outlining the potential role of CCUS in driving national investment and growth and help the country position itself as a leader in the emerging...
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...