According to news reports storing of CO2, Carbon Capture and Storage or CCS, beneath the ocean floor should begin – two related draft legislation were approved by the Federal Cabinet.

The national legal foundation for CO2 storage in Germany‘s continental shelf and exclusive economic zone is established by the High Seas Intake Act modification.

Storage is specifically prohibited in marine protected areas. Additionally, the London Protocol is being amended to allow CO2 exports to other nations.

Environment Minister Schneider said that storing unavoidable CO2 from industry could make an additional contribution to climate protection, but it is not a panacea.

The highest environmental protection and safety standards are required. Furthermore, avoiding greenhouse gases remains a priority.

Reuters: German Economy Minister Katherina Reiche on Monday unveiled a 6 billion euro ($7 billion) funding initiative aimed at industrial decarbonisation, incorporating carbon capture and storage (CCS) technology into the country’s climate protection contracts for the first time.

The program targets energy-intensive sectors such as chemicals, steel, cement and glass, as Germany navigates stringent climate targets amid concerns over industrial competitiveness. Companies have until December 1 to register projects for next year’s bidding process.

Depending on parliamentary budget approval and EU state aid clearance, bidding is scheduled to begin in the middle of 2026.

CCS technology, which captures and stores CO2 emissions underground, is a fresh addition to the program compared to previous year.

The government would protect companies moving to cleaner manufacturing methods from fluctuating energy and carbon prices by subsidizing their costs under 15-year contracts.

Competitive auctions will be used to award contracts, with priority given to projects that need the least amount of funding per tonne of CO2 averted.

The subsidized businesses will have to fulfill legally obligatory carbon reduction targets in exchange.

Industry organizations emphasized the need for pragmatism in striking a balance between economic issues, such as rising energy costs and declining industrial performance, and climate goals, while expressing support for the flexible approach and the inclusion of CCS.