1. By 30 June 2027, the Commission shall carry out an assessment of the functioning of the market for captured CO2. That assessment shall be based on a clear methodology, take into account the annual reports referred to in Article 21(2) and, in particular, consider whether:
(a)
the obligations set out in Article 23(1) effectively promote the development of the CO2 storage market in the Union;
(b)
the market provides for open, fair and non-discriminatory access and safety of the CO2 storage and transport network;
(c)
the market provides for open, fair and non-discriminatory access to capture CO2 for usage or storage purposes;
(d)
the adequacy of the CO2 transport network and other infrastructure across the Union to sufficiently support the injection capacity objectives as well as the need for CO2 capture;
(e)
the functioning of the CO2 market ensures sufficient access to injection capacity for hard-to-abate CO2 emissions.
2. On the basis of the assessment referred to in paragraph 1, the Commission may propose a legislative act to regulate the market in order to address any shortcomings identified, in particular with regard to hard-to-abate emissions.