EU to Bet Big on Carbon Removals to Meet Net-Zero Goal ...Middle East

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EU to Bet Big on Carbon Removals to Meet Net-Zero Goal
source : OILPRICE ( Middle East ) () 32
The European Union must raise significantly emissions capture and removals to meet its target to become a carbon-neutral bloc by 2050, the European Commission said in a draft document seen by Bloomberg News. According to the Commission’s estimates, the EU will need to capture 450 million tons of carbon dioxide (CO2) annually, per the document expected to be unveiled on February 6.   That level of emission removals would be nearly ten times the current global capacity of carbon capture and storage (CCS), which was 50 million tons in 2022,…

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