Carbon Herald just published CCUS Industry Calls For Regulatory Clarity On EU-UK ETS Linkage.
Carbon Herald reports that the Carbon Capture and Storage Association (CCSA), joined by around 50 industry stakeholders spanning energy, industrial and engineering sectors, is calling on policymakers to provide clear rules on how the UK Emissions Trading System will link with the EU ETS. The signatories argue that aligned carbon markets are important for cross-border CCUS projects, shared CO2 transport and storage infrastructure, and investor confidence. The piece outlines industry concerns about regulatory fragmentation between the two jurisdictions and the risk that unresolved questions on accounting, recognition of stored CO2, and compliance could slow deployment of capture and storage projects across Europe and the UK.
Our take (Context): The ask is reasonable: investors need to know how captured and stored CO2 is treated across both systems before committing capital. Worth watching whether the joint statement translates into specific technical proposals on cross-border CO2 accounting, or stays at the level of high-level principles. The composition of the 50 signatories also matters for reading how broad industry alignment really is.
-> Read the full piece at Carbon Herald
Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.
Source: Carbon Herald