The CCS market should ensure a level playing field in the short term and promote competition in the mid to long term.
The industry aims to reduce CO2 emissions in the most efficient away. CCS is a crucial tool for the industry to reach CO2 emissions reduction targets. This is because other alternatives to reduce CO2 emissions are limited for the industry. VEMW pleads for a CCS market in the short term that should create a level playing field for the first movers and in the mid to long term market enable a competitive market where transparency in the tariff setting is present.