Dr. Katerina Sardi, Managing Director and Country Manager of EnEarth in Greece, participated in a panel with leading representatives of the European CCS chain on the topic “Regulatory principles for a competitive & cost-effective CO₂ value chain in the EU.”
Katerina noted that legislation in the member states should take into account the particularities and risks of each region and each project in the CCS chain.
Katerina also pointed out that projects such as Prinos CO₂ differ from similar projects in Northern Europe, as most of those involve state participation. “Prinos CO₂ is a commercial project with specific business risks that must be taken into consideration in the process of setting storage tariffs”, she said.
She added that a method that defines the costs burden storage operators during significant non-operational periods, such as the monitoring period and the operators’ contribution to the State to allow monitoring to continue, should also be clarified.
Katerina acknowledged that, despite the lack of storage sites, significant progress has been made in countries such as Greece, where funding of around €1 billion has already been approved for the entire chain of CO₂ capture, transport, and storage. “However, in order not to lose the momentum that has been created, a realistic and long-term stable regulatory framework for the operation of the chain must be ensured,” Katerina concluded.