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EU carbon capture needs immediate scale-up, industry leaders urge

( October 24, 2024, 07:29 GMT | Official Statement) -- MLex Summary: Over 50 leaders from industry and civil society groups are calling for an urgent scale-up of carbon capture initiatives through an EU action plan. Rules for CO2 transport, cross-sectoral collaboration and financial incentives to stimulate private sector investment should be included in the action plan, they say in an open letter to European Commission president Ursula von der Leyen . "We fear that if Europe does not implement carbon capture at large scale as soon as possible, Europe will miss its overall decarbonization targets," the letter reads.  Letter attached. ...

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