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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
EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Carbon border tax exemptions to become law
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
Letter on hydrogen: Electric shock
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
Carbon shipping vital for EU CCS value chain
Maritime technology will help industry scale and enable the development of CCS projects in Southern Europe
NEXTCHEM awarded PDP contract for multi-billion-euro Hail and Ghasha project
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions) will act as technology design integrator to develop the process design package (PDP) for the hydrogen and carbon dioxide (CO2) recovery unit of the Hail and Ghasha gas development project.
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EU Commissioner for Energy Kadri Simson
Gas Natural Gas markets EU Hydrogen Russia Ukraine
Alex Forbes
20 June 2022
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War adds impetus to Europe’s gas decarbonisation

Gas businesses have embraced the acceleration of decarbonisation prompted by the Ukraine war but are concerned about the feasibility of new targets—especially for hydrogen

EU businesses were facing an avalanche of legislation even before the war in Ukraine, most notably the ‘Fit for 55’ package, adopted by the European Commission in July 2021, and the hydrogen and gas decarbonisation package, adopted in December 2021. These proposals alone would have kept stakeholders busy for months. Russia’s invasion of its neighbour in February has ramped up the legislative agenda considerably with what EU Commissioner for Energy Kadri Simson described at last week’s annual Eurogas conference as “our blueprint for removing Russian fossil [fuels] from our system as early as possible”—the RepowerEU proposals, published in May. 31pc – Share of Russian gas imports into EU

Also in this section
China eyes global collaboration on CCUS
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Nigeria bids to unlock carbon market billions
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
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
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

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