Austria Lifts CO2 Storage Ban, Enabling CCS Projects
What happened
Kirchdorfer Group and Scheuch GmbH welcomed the planned lifting of the ban on CO2 storage in Austria. The partners stated that the new legal framework for geological storage provides the necessary foundation for initial carbon capture and storage (CCS) projects. The ban had been in effect since 2011.
From globalcement.com
Why it matters
The lifting of the ban allows cement producer Kirchdorfer Group to implement CCS projects, which the company stated is a matter of survival due to unavoidable emissions. The success of these projects now depends on quick implementation and efficient permitting procedures.
From globalcement.com
Who's involved
- AustriaThe country where the CO2 storage ban is being lifted and CCS projects are planned.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- interior ministrySpeculative
The interior ministry could face increased administrative costs related to permitting new CCS projects.
- finance ministrySpeculative
The finance ministry could oversee increased investment requirements for new CCS projects.