Malta is cautious about CCS potentially diverting focus from renewables, has identified storage risks due to limited geological studies, urges EU flexibility in CCS initiatives, is open to providing data for further exploration, commits €3.5 million to CCS funding through the Clean Energy Transition Partnership, and is exploring a voluntary carbon offsetting market.
CO2 Capture: D
While there is no concrete CCS target or strong implementation support in the NECP, Malta's plan to develop a credit-purchasing mechanism that includes CCS demonstrates some interest in the technology, making a lower grade too severe.
CO2 Storage: C
Although no specific CO2 storage targets are set, the document highlights Malta’s past efforts and its willingness to collaborate with the private sector, indicating a commitment to exploring storage potential.
CO2 Transport: F
There is no mention of CO2 transport in the document.
Funding: D
Malta’s development of an offsetting mechanism to encourage investment in CCS serves as a de-risking measure, showing some level of support for the technology.