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The European Commission’s energy chief Andris Piebalgs has backed the so-called “Doyle-Davies” amendment that would see 500 million Emissions Trading Scheme (ETS) emissions allowances kick start the building of 12 carbon capture and storage (CCS) demo projects.
But he warned, at a meeting of the Zero Emissions Platform General Assembly in Brussels on Monday, that that any funding of the CCS projects should not compromise the overall stability and coherence of the ETS mechanism.
He said any low carbon funding scheme must meet a clear set of criteria:
More from the EU here.
Tags: carbon capture storage, europe