The EU’s ambitious carbon storage targets – set in mid-2024 under the Net Zero Industry Act (NZIA) – face a significant shortfall, according to new analysis from research consultancy Wood Mackenzie.
It forecasts available injection capacity by 2030 will be around 28.5 million tonnes per annum (mtpa), well below the required 50 mtpa.
The estimate falls further if projects without licences are discounted – regulatory issues being one of the key barriers to progress.
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