In January 9th, FEPORT responded to the public consultation on the upcoming legislative initiative on CO2 transportation infrastructure and markets.
The consultation’s aim was to collect input on the functioning on the current regulatory framework affecting the CO2 value chain in view of determining the need for additional action on the EU level aimed at achieving the objectives on carbon capture and storage, including geological storage under the seabed.
FEPORT reply among other highlighted the need for a clear and long-term political commitment to Carbon Capture and Utilisation and Carbon Capture and Storage to ensure return on investment, alongside with financial incentives to stimulate CCU and CCS such as the accounting of “negative” emissions through the EU Emissions Trading System. The reply also called attention to the specific needs of terminals which require a more flexible and adaptive regulatory framework.
