The EEPR regulation establishes a financing instrument for the development of projects in the field of energy in the EU. For carbon capture and storage, the plan allocates €1.05 billion for projects that have an electrical output of at least 250 MW with an 80 percent carbon dioxide capture rate. Assistance shall be granted through individual Commission decisions for interconnections proposals and through grant agreements.

Projects need to be on stream by 2015 and incorporate the full chain of CO2 capture, transport and safe geological storage. The EEPR funding for CCS is designed to be fully complementary to the funding that will be made available in the future through the Emission Trading System. The EEPR can finance proposals that are already very mature and will allow these first movers to go ahead with their projects already in 2009/2010.