Greece has introduced a draft law establishing a framework of rules for the safe capture, use, transport and storage of carbon dioxide in geological formations. It defines, among other things, the key issues for licensing the sector, the conditions for access to storage facilities, and provides for compensatory measures in areas where storage will take place.
According to the Ministry’s announcement, this initiative places Greece among a small core of countries worldwide that are implementing cutting-edge technologies, acquiring international know-how, and developing new domestic skills. The new legislative initiative aims to contribute to the fight against climate change in a modern, scientifically documented and internationally tested manner, and to define the market operation in this sector with strictness and transparency.
Carbon Capture and Storage (CCS) technology has been applied for decades in countries such as Canada, Norway, and the USA, while large projects are also being developed in industrial clusters in European countries, including Denmark, the Netherlands, the United Kingdom, France, and Italy.