Danube Energy Ventures
Budget
€25 — €0
EP Access
0
accredited persons
Staff
4
0.95 FTE
EU Grants
None
Mission & Goals
Coordination of EU Innovation Fund project Danube Removals (Project 101191237) which aims to support EU climate and carbon management goals by sequestering 560,000 tons per year of biogenic CO2, commercialising Europe's first onshore CO2 injection well, contributing over 1% of the EU target of 50 million tons of annual CO2 injection capacity by 2030, enabling an EU voluntary carbon market, and catalysing rapid growth of onshore and biogenic CCS. Danube Removals depends on the emergence of a functioning and fair voluntary carbon market, effective CCS permitting, full implementation of Article 23 of the NZIA Regulation and earliest possible adaptation of ETS to allow participation of biogenic CO2 and to bridge cost gap between CCS and EU ETA Allowances. On this basis DEV engages with EU institutions on the evolution and implementation of related regulation, programmes and measures (CRCF and NZIA regulations; ETS, CCS, RED directives; Innovation Fund; Buyers Club, State Aid, etc).
EU Legislative Interests
EU CRCF Regulation (EU) 2024/3012 of the European Parliament and of the Council establishing a Union certification framework for permanent carbon removals, carbon farming and carbon storage in products. Net-Zero Industry Act (EU) 2024/1735 of the European Parliament and of the Council establishing a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem. Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community. Directive 2009/31/EC of the European Parliament and of the Council of 23 April 2009 on the geological storage of carbon dioxide. Directive (EU) 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources. EU Innovation Fund, established under Article 10a(8) of Directive 2003/87/EC. “EU Buyers Club”, a working label for a planned EU initiative to stimulate demand for voluntary carbon removal and carbon farming credits under the CRCF framework — but not a formal title of an adopted EU instrument. State Aid decisions impacting the voluntary carbon market, under Articles 107–109 of the Treaty on the Functioning of the European Union (TFEU) and Council Regulation (EU) 2015/1589 laying down detailed rules for the application of Article 108 TFEU.
Communication Activities
Extensive participation in CINEA and DG CLIMA knowledge sharing events in line with the terms of the Grant Agreement. Participation in EU consultations online and in-person concerning EU CRCF and NZIA regulations. Social media outreach via the Danube Removals LinkedIn account. Publication of project video. Conference speaking slots on a monthly basis all over Europe.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
Zero Emissions Platform https://zeroemissionsplatform.eu Negative Emissions Platform www.negative-emissions.org Carbon Gap https://carbongap.org
Organisation Members
Danube Energy Ventures (Coordinator of Danube Removals and of company strategy) Danube CCS Ventures (technical and commercial operating entity) OGD Green Storage (SPV holding CCS permit) EMOV Ltd (financial backer and founder) Clonbio Group Ltd (financial backer and founder) Pannonia Bio (supplier of CO2)
Commissioner Meetings
No recorded meetings with EU commissioners.