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EU must act now on carbon removals to reach climate, competitiveness goals, industry and NGOs say

( October 30, 2024, 11:23 GMT | Official Statement) -- MLex Summary: The EU must develop a comprehensive Carbon Dioxide Removal Strategy to ensure a coordinated approach of carbon removal policies and scale up the emerging sector, which is crucial for reaching EU net zero objectives, key industry players and NGOs urge in an open letter addressed to climate commissioner-designate Wopke Hoekstra. Carbon removal policies must be deployed rapidly to "address both residual and historical emissions, securing the EU’s path to climate neutrality by 2050 and negative emissions thereafter," the letter reads. Scaling up the carbon removal sector would also provide for creating high-quality jobs across Europe and enhance the bloc's competitiveness, the letter adds....

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