EU’s binding CCS targets: A burden or a blessing?
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
The European Commission has set out binding CO₂ injection targets for a number of European oil and gas companies in a bid to reach ambitious goals for CCS deployment by 2030. Companies including Italy’s Eni and TotalEnergies have been presented with specific CO₂ injection targets based on their volumes of oil and gas production. The idea is that these targets, presented in a delegated act on 22 May, will help EU companies to reach the collective 50mt/yr CO₂ injection target by 2030 as set out in the Net Zero Industry Act (NZIA). “Without economic incentives, CO₂ storage sites could become money-losing enterprises” De Matteis, IOGP Specifically, the Netherlands’ NAM, which is owned by
Also in this section
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
