Chris Davies mentioned on Reuters

Today, Reuters provided comments on the draft version of the Industrial Carbon Management Strategy. The objectives set out by the Strategy will require companies to capture their emissions in order to reach the 2050 net-zero emission targets.

The draft text states that the EU must capture up to 450 million tonnes of CO2 per year by 2050. Considering that the EU emitted 3.6 billion tonnes of CO2 in 2022, countries will have to capture up to 200 million tonnes of CO2 directly from the atmosphere in order to reach the net-zero targets.

As Chris Davies said, there is a lack of political support that has left the EU playing catch-up to quickly scale the technology. The EU has no operating CO2 storage projects. Most governments simply have done their best to put this on the 'too difficult' back burner.

Read the full article here: EU drafts plan to zero out industry's carbon footprint by 2050 | Reuters