Important news from the EU in the area of carbon capture and utilization (CCU)!
In February, the European Commission adopted an ‘Industrial Carbon Management Communication'. It shows how different carbon capture, utilization and storage (CCU/S) technologies can contribute to a 90% reduction in emissions by 2040 and to achieving climate neutrality by 2050.
Why does the EU need an industrial carbon management strategy?
The implementation of industrial carbon management can contribute to the reduction of carbon emissions in key industrial sectors crucial to the European economy. This complements various other initiatives aimed at decarbonizing processes.
As such, industrial carbon management stands as a vital and integral component for fostering a sustainable and competitive economy in Europe.
News sources:
https://ec.europa.eu/commission/presscorner/detail/hu/IP_24_585
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2024%3A62%3AFIN&qid=1707312980822
