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The EU wants initial projects to capture five million tonnes of CO2 from the atmosphere each year by 2030.
(Reuters, 15 Dec 2021) The EU wants initial projects to capture five million tonnes of CO2 from the atmosphere each year by 2030.
European Union policymakers said on Wednesday they will create a system to certify carbon removals next year, as a step towards establishing a regulated EU market to trade them and provide a financial incentive to store CO2.
Direct air capture and other technologies suck in air and use chemical reactions to extract carbon dioxide that can then be placed in long-term storage, while trees, soil and wetlands provide natural ways to remove CO2 from the atmosphere.
As part of its plan to have net zero emissions of all greenhouse gases by 2050, the EU wants to scale up removals to offset emissions from sectors like agriculture and heavy industry, which are not expected to be able to cut to zero.
The European Commission said it will draw up a system of certifying carbon removals in 2022, by measuring CO2 removals from technologies and individual land holdings in the EU, and factoring in how long the CO2 would be stored.
Reuters, 15 Dec 2021: The EU wants initial projects to capture five million tonnes of CO2 from the atmosphere each year by 2030.
