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The FitFor55 Package and CCS

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The FitFor55 Package and CCS

  1. 1. The FitFor55 Package and CCS Eve Tamme Founder and Managing Director Climate Principles Baltic Carbon Forum, 15 October 2021
  2. 2. Contents • FitFor55 Package o EU Emissions Trading System § Several exciting developments for CCS o Effort Sharing Regulation o Carbon Border Adjustment Mechanism • Beyond FitFor55 2
  3. 3. üAll modes of CO2 transport included ü Innovation Fund size doubles ü Carbon Contracts for Difference EU Emissions Trading system
  4. 4. • Effort Sharing Regulation oContinues to cover BECCS and Waste-to-energy with CCS • Carbon border adjustment mechanism • Remains to be seen what the impact will be There are diverging interpretations on how the EU sectoral climate policies apply to the transport and storage of CO2. Other policies
  5. 5. • TEN-E regulation • Carbon Removal Certification • EU Hydrogen Strategy / European Clean Hydrogen Alliance • Sustainable Finance Taxonomy Beyond FitFor55
  6. 6. • FitFor55 proposals include several helpful changes for CCS, mainly in the EU ETS context • More could be done within FitFor55 • There are many other policies and initiatives outside of FitFor55 that are currently in the works and important for CCS Conclusions
  7. 7. @EveTamme EveTamme evetamme.com; Eve.Tamme@climateprinciples.com climateprinciples.com Thank you

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