• By 2040, carbon removal technologies will be essential—not just to tackle residual emissions, but to correct potential overshoots and actively reduce CO₂ in the atmosphere. Yet, Europe’s carbon removal economy is still in its infancy. The next 15 years are critical to build a thriving market, with clear business cases, robust guidelines, and strong climate benefits.
  • Right now, the EU needs 400 million tonnes of carbon removal annually by 2050—but not a single permanent industrial project (like Direct Air Capture or BECCS) is operational in Europe. Why? There’s no economic incentive or obligation for companies to invest. Without urgent action, Europe risks falling behind.
  • What’s Needed Now:
    • Legally binding 2040 and 2050 targets for carbon removal, integrated into EU climate policy.
    • Simplified funding—ring-fenced budgets, de-risking tools, and a "funding compass" to navigate EU support schemes.
    • Market integration—explore options like the EU ETS, Effort Sharing Regulation, or a standalone Removal Trading System to create demand.
    • Industry confidence—clear, predictable budgets and reduced administrative hurdles to lower financing costs.
  • The time to invest is today. With the right policies, Europe can turn carbon removal from a promise into a climate solution