Article 23 – Explainer

CO₂ Storage in the Net Zero Industry Act

Article 23 of the EU’s Net-Zero Industry Act (NZIA) introduces a landmark obligation for oil and gas producers to collectively develop enough CO₂ storage capacity to support Europe’s 2030 climate goals. This measure is designed to break the long-standing “CCS paradox,” where uncertainty about storage availability has slowed investment in carbon capture and storage (CCS) projects.

This Explainer was produced by Bellona Europa for the Article 23 Watch, in collaboration with Clean Air Task Force and Carbon Balance Initiative.