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The European Parliament and the Council of the European Union’s recent agreement in trilogueson the Net Zero Industry…
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] Major Success For CCU: The Net Zero Industry Act Fully Recognizes CO2 Utilization As A Net Zero Technology Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertisingArchives Archives Select Month February 2024 (128) January 2024 (139) December 2023 (136) November 2023 (169) October 2023 (179) September 2023 (170) August 2023 (144) July 2023 (146) June 2023 (130) May 2023 (112) April 2023 (132) March 2023 (169) February 2023 (123) January 2023 (103) December 2022 (97) November 2022 (128) October 2022 (118) September 2022 (109) August 2022 (64) July 2022 (90) June 2022 (90) May 2022 (92) April 2022 (83) March 2022 (85) February 2022 (74) January 2022 (73) December 2021 (53) November 2021 (95) October 2021 (84) September 2021 (75) August 2021 (60) July 2021 (48) June 2021 (69) May 2021 (36) April 2021 (34) March 2021 (48) WingsWingsSelect CategoryCaptureCarbon AccountingCarbon Capture StocksCarbon MarketsCompaniesDaily BriefDirect Air CaptureHydrogenHydrogen StocksInterviewsInvestmentOpinionPartner ContentPolicyPress ReleaseRemovalScienceStartupsStocksTechnologyUncategorized MetaLog inEntries feedComments feedWordPress.org Carbon Herald Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertising Carbon Herald Latest Major Success For CCU: The Net Zero Industry Act Fully Recognizes CO2 Utilization As A Net Zero Technology Santos To Support Green Steel Transformation Of Whyalla Steelworks Clairity Technology Raises $6.5M To Capture CO2 From The Air Efficiently bp Selects BASF’s Carbon Capture Technology For Blue Hydrogen Project In Teesside агреена zurich insurance ZS2 CapturePolicyPress ReleaseMajor Success For CCU: The Net Zero Industry Act Fully Recognizes CO2 Utilization As A Net Zero TechnologybyPetya TrendafilovaFebruary 26, 20242 minute read Total0Shares 0 0 0 0 0 0 0 The European Parliament and the Council of the European Union’s recent agreement in trilogueson the Net Zero Industry Act (NZIA) included CO2 utilization as an eligible strategic net zero technology, a major symbolic and tangible success for the CCU community as this technology was not considered as such in the original proposal.This is a major step for the recognition of CCU’s role in reaching the EU’s climate objectives,where CO2 utilization can now be referenced as net zero in national policies deploying cleantechnologies and as strategic by national governments. CO2 Value Europe has been advocatingfor this since the very first day the proposal was published and throughout the negotiationprocess.As per its recent report, more than 21% of GHG reductions from technologies will come fromCCU. The current EU economic and regulatory measures represent only 34% of the effort required to reach climate neutrality, making the 2050 targets virtually impossible to reach without additional measures reinforcing societal changes (30%) and technological developments (37%).In this sense, the inclusion of CO2 utilization in the NZIA is a positive step forward to creating more incentives and therefore enhancing its scale-up in Europe. It will also complement other EU efforts and groundbreaking rules mandating the deployment of CCU for hard-to-abate sectors, including the revision of ETS, REDIII, ReFuelEU Aviation and FuelEU Maritime, and prepare the ground for new rules to use captured carbon for the production of chemicals.Anastasios Perimenis, CO2 Value Europe Secretary General, stated “As a CCU community, wewelcome the inclusion of CO2 utilization in the NZIA as a net zero technology, and as strategic bynational governments.” He added, “CCU projects require visibility and support in order to scaleup, and this recognition is one of the building blocks needed to do so.”Relevant: CO2 Value Europe And BNP Paribas Fortis To Collaborate On Driving The Green TransitionThe CCU community expects the final text, which is due to be formally adopted by the end ofMay 2024, to clarify several technical elements, such as the exact scope of CO2 utilizationtechnologies, and whether broader carbon reuse will be considered under the law. Nevertheless,this recognition remains a major milestone in completing a supportive EU framework for CCUand creating an enabling environment for CCU projects to flourish.CO2 Value Europe is the non-profit Association representing the CCU Community in Europe withmore than 90 members along the CCU value chain from various economic sectors and theacademia, from large companies to start-ups and from industrial clusters to university groups.Relevant: EU Parliament Approves The Carbon Removal Certification Framework And Net Zero Industry ActIts mission is to promote the development and market deployment of sustainable industrialsolutions that convert captured carbon into valuable products, contribute to the net reductionof global CO2 emissions and substitute fossil carbon. CCU technologies offer a large panel ofsolutions for hard-to-abate sectors where no or very few other alternatives exist. 0 0 0 Anastasios Perimeniscarbon capture and utilizationCO2 Value EuropeEurope carbon captureLeave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ View Comments (0)Subscribe to Our Weekly Newsletter Get the Latest News About the Carbon Industry Subscribe By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form. 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