Clean Arctic Alliance Letter to Morten Høglund
A total of 18 cross-border CO2 transport and storage infrastructure projects applied for the status as a “Project of Common Interest” (PCI) or “Project of Mutual Interest” (PMI, in cases of projects involving non-EU countries), covering 17 EU Member States and 4 non–EU countries. These projects collectively show tremendous potential for making a European CO2 transport and storage network a reality, enabling large-scale European industrial decarbonisation. Putting into place the necessary infrastructure to transport and permanently store industrial CO2 emissions is an important step in ensuring European industrial competitiveness in light of asymmetric international climate ambition, and in particular following the recent U.S. Inflation Reduction Act. However, more efforts are still needed to fully decarbonise European industries in line with the EU’s 2050 net-zero target.
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