CO2 QUOTE Closing from Cierre del 19-06-2024 68,93 €/T

Germany to Support Carbon Sequestration for Industry and Enable Offshore Storage

Germany will grant state aid to CCS for industrial projects, but not in the electricity sector, and will continue to ban underground storage on land.

The German government has proposed plans to enable carbon capture and storage (CCS) in order to help the country reach greenhouse gas neutrality by 2045. State support would focus on capturing and storing or using carbon from industrial processes where emissions are difficult or impossible to avoid, according to a government document on key elements of the upcoming strategy.

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