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Wood Mackenzie Analysis Reveals EU's Carbon Storage Injection Capacity Targets Face Significant Shortfall
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Wood Mackenzie analysis reveals EU's carbon storage injection capacity targets face significant shortfall
The EU’s carbon storage targets face a significant shortfall, with expected available injection capacity by 2030 falling well below the required 50 million tpy, according to new Wood Mackenzie analysis.
The ambitious carbon storage targets of the European Union (EU), set in mid-2024 under the Zero Net Industry Act (NZIA), face a significant shortfall. According to a new analysis by Wood Mackenzie, the available injection capacity expected for 2030 will be well below the 50 million tonnes per year (mtpa) required. The independent study reveals that widespread project delays and regulatory challenges are undermining European carbon capture and st…
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