Greek NECP

Greece is developing its first CO2 storage project in Prinos, with a target of 3 Mt stored by 2030, planning additional storage sites, setting CCS and CCU volume targets through 2050, building a carbon capture and storage value chain for hard-to-abate industries, establishing a regulatory framework for CCUS and CO2 transport, supporting CCS research in shipping, and allocating €150 million for CCUS funding.

CO2 Capture: A 

Greece has set clear targets for carbon capture deployment starting in 2030, including a sub-target for DACCS, and is actively developing supportive measures for carbon capture.

CO2 Storage: C 

While storage projects are underway, they are not supported through public tenders or direct government mechanisms, and there are no specific targets for CO2 storage, limiting the grade.

CO2 Transport: C 

Although projects are in development, they are not directly driven by government measures; however, Greece is working on a regulatory framework for CO2 transport, signaling future support.

Funding: B 

Greece has allocated €150 million for CCUS, but the absence of direct grants or additional funding mechanisms prevents it from achieving an A.

 

In addition, the Greek government estimates the following volumes of CCS and CCU:

  • CCS:
    • By 2030: 3.1 Mt
    • By 2035: 3.0 Mt
    • By 2040: 3.5 Mt
    • By 2045: 2.9 Mt
    • By 2050: 5.7 Mt
  • CCU:
    • By 2030: 0.2 Mt
    • By 2035: 0.4 Mt
    • By 2040: 0.8 Mt
    • By 2045: 1.2 Mt
    • By 2050: 2.7 Mt