October 14, 2026
Article 23 on Trial: What do the Lawsuits Mean for the Development of Europe’s CO₂ Storage Market?
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Event Details:
14 October 2026
10:30am – 12:00pm CET
Virtual
About the event
Join us for a legal deep dive into Article 23 of the Net-Zero Industry Act, the ongoing litigation surrounding the EU’s CO₂ storage obligation, and what these cases could mean beyond Article 23 itself.
Article 23 of the Net-Zero Industry Act is the EU’s first attempt to create a functioning CO₂ storage market through a binding obligation on oil and gas producers. It requires the 44 largest oil and gas producers registered in the EU to contribute to making at least 50 Mt of annual CO₂ injection capacity available to the market by 2030.
Several obligated entities are now challenging this framework before the EU General Court and through private arbitration. These lawsuits come at a critical moment: the European Commission has reported that the 2030 target remains within reach, but only if projects can deploy rapidly.
Together, we’ll unpack the key legal arguments, the risks associated with private arbitration, possible outcomes of the proceedings, and their broader implications for future EU climate and industrial policy.
Speakers
- Lukas Schaugg, Policy Advisor, International Institute for Sustainable Development (IISD)
- Ignacio Herrera Anchustegui, Professor of Law, University of Bergen
- Marco Carrasco, Founder of Meridium Energy
The session will be moderated by William Druet, Policy Advisor, CCS at Bellona Europa, with an opening presentation by Rachel Ardiff, Policy Advisor at the Carbon Balance Initiative. Introduction and closing remarks by Adriana Matic, Carbon Management Associate at Clean Air Task Force.
