Domestic energy storage project financing options in Switzerland 2030

How much CO2 will be stored in Switzerland by 2030?

The pioneer phase aims to permanently store around 500,000 tonnes of CO2 in Switzerland and/or abroad by 2030. In this phase, approaches can be tested, incentives set and the political framework created.

How much CO2 is stored in Swiss demolition concrete?

The theoretical indicative storage volume in Swiss demolition concrete through direct carbonation is up to 2.5 million tonnes of CO2 per year in 2050, although the practically realisable volume is estimated to be much smaller. For CDR methods that do not rely on new CO2 infrastructures, the roadmap does not define any benchmarks.

When was the Swiss carbon removal platform roadmap approved?

The roadmap was approved by the Federal Council on the 18th of May 2022. In the following is a summary of the most important statements from the perspective of the Swiss Carbon Removal Platform.

What is the Swiss carbon removal platform?

In the following is a summary of the most important statements from the perspective of the Swiss Carbon Removal Platform. The roadmap discusses both CCS and CDR methods. CCS is a technical process for reducing emissions by capturing CO2 from exhaust gases, for example from the use of fossil fuels or cement production.

How much CO2 should be stored in 2050?

For this purpose, the roadmap defines benchmarks of around 5 million tonnes of CO2 from fossil or process-related sources (CCS) and 2 million tonnes of CO2 from negative emissions such as biomass (BEECS). Domestic geological CO2 storage should amount to 3 million tonnes in 2050.

How should the CCS and CDR expansion be financed?

The CCS and CDR expansion should be financed in a way that is as fair as possible to the polluter. By the end of 2024, the Federal Council will examine concrete proposals and clarify the roles of the government, the cantons and the private sector.