BAKU, Azerbaijan, November 15. Greece is developing its first national facility for the storage of CO2, said Alexandra Sdoukou, the country's Deputy Minister of Environment and Energy, Trend reports.
Speaking at the ministerial conference on carbon emissions management within COP29 today, Sdoukou highlighted the country's progress on the project.
“The project is supported by the Recovery and Resilience Fund, and once completed, it will be capable of storing up to 3 million tons of CO2 annually. We are finalizing the regulatory framework for carbon capture, transport, utilization, and storage. Several major industries, including oil refining and cement production, are already developing their carbon capture plans,” she said.
She also noted that Greece had secured nearly three-quarters of a billion euros from European Union funds to support large-scale emitters. Additionally, the national gas transport system is being upgraded to create the necessary infrastructure for transporting captured CO2 from industrial sites to storage locations.
She also mentioned that Greece is exploring the possibility of storing CO2 in other countries, including Egypt, highlighting the global scope of the initiative.
“Our goal is to create a robust portfolio of projects by 2030. We fully agree with our colleagues on the need for collective efforts to achieve our climate goals,” Sdoukou added.
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