EU Steps Up Push to Remove Carbon From the Atmosphere
- Bloc seeks to use technology to cut 5 million tons of carbon
- Carbon removal as key to reach climate neutrality by 2050
A smokestack at the PKN Orlen SA oil refinery in Plock, Poland, in 2020.
Photographer: Bartek Sadowski/BloombergThis article is for subscribers only.
The European Union wants to use technology to remove five million tons of carbon dioxide from the atmosphere annually by 2030, as part of its goal to reach carbon neutrality by mid-century, according to a document seen by Bloomberg.
The target comes as part of the bloc’s plans to establish more sustainable “carbon cycles,” according to the draft document that is still subject to change. The EU wants to see far less reliance on the element and more recycling of it.