Statement on the first reading of the Carbon Dioxide Storage Act
Philip Nuyken, Managing Director of Politics at the German Lime Association (Bundesverband der Deutschen Kalkindustrie e.V.), makes a differentiated statement on the first reading of the Carbon Dioxide Storage Act on September 27:
“The draft presented by the Ministry of Economic Affairs is a good and necessary step towards enabling climate protection in the lime and cement industry. After years of inactivity, time is pressing. It is therefore important that the law is passed this year. Otherwise, not only investments in the billions, but entire industries will be at risk.”
Nuyken adds: “It is therefore all the more alarming that climate protection and investment in Germany as a business location were called into question by some MPs in the Bundestag debate. CCS is not a panacea, but without CCS there will be no climate neutrality. If you want climate protection, there is no getting around CCS. Anyone who wants to prevent CCS is doing lasting damage to the climate.”
“Onshore storage of CO2 would be more cost-effective than other options and would also keep value creation in Germany. Cost efficiency should guide the actions of the German government, especially in times of tight budgets. Companies are also aware of this, which is why they will first avoid CO2 before capturing and storing it,” says Nuyken.
