Deliver an individual share of the Union's 50 Mt/year CO2 injection capacity target by 2030, calculated pro-rata on the entity's share of Union crude oil and natural gas production over 2020-2023, as permitted capacity available to the market.
Authorised oil and gas producers above the de minimis production threshold must comply, and this is law in force.
Why it matters
This is law in force, not a proposal.
- It is Art. 23(1), in the Net-Zero Industry Act. as of 2026-08-18
- The act gives its timing as: Contribution to be available to the market by 2030. as of 2026-08-18
- It names 2 industries by name: Carbon capture and storage and Power. as of 2026-08-18
- Compliance is checked by competent authority, one-off (capacity in place by 2030). as of 2026-08-18
The rule
holding a hydrocarbon authorisation with Union crude oil and natural gas production 2020-2023 above the threshold set by delegated act
Deliver an individual share of the Union's 50 Mt/year CO2 injection capacity target by 2030, calculated pro-rata on the entity's share of Union crude oil and natural gas production over 2020-2023, as permitted capacity available to the market.
Who is affected
Burden drivers
Source text
Each entity holding an authorisation as defined in Article 1, point 3, of Directive 94/22/EC shall be subject to an individual contribution to the Union-wide target for available CO2 injection capacity set in Article 20 of this Regulation. Those individual contributions shall be calculated pro-rata on the basis of each entity’s share in the Union’s crude oil and natural gas production from 1 January 2020 to 31 December 2023 and shall consist of CO2 injection capacity in a storage site permitted in accordance with Directive 2009/31/EC and available to the market by 2030. Entities with crude oil and natural gas production below the threshold set in accordance with a delegated act pursuant to paragraph 12 of this Article, shall be excluded from this calculation and shall not be subject to a contribution.
View source →Settled later in secondary legislation. The threshold below which a producer is excluded, and the arrangements for counting third-party storage agreements, are set by delegated act under Art. 23(12).