Global CCS Institute submission to: the European Commission’s consultation on revision of the EU Emissions Trading System (EU ETS) Directive
31st March 2015
The European Council has concluded that 400 million allowances in the period 2021 to 2030 should be dedicated under the EU Emissions Trading Scheme (EU ETS) to setting up an innovation fund to support demonstration projects of carbon capture and storage (CCS), in addition to other low carbon technologies.
To make this fund operational, a legal basis has to be created in the EU ETS Directive. In this submission the Global CCS Institute sets out its views on the innovation fund in response to the European Commission’s request for stakeholders to participate in the public consultation on the revision of the ETS Directive (established by Directive 2003/87/EC).
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