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Carbon removals are key to boost competitiveness but EU must act now, industry urges

( November 6, 2024, 16:15 GMT | Official Statement) -- MLex Summary: The EU must act quickly on carbon removals to not fall behind in the global carbon removal race, on which competitors such as US and China are advancing rapidly on carbon removals technologies, the industry says in a new report published by the Negative Emissions Platform. Carbon removal technologies could create 670,000 jobs and contribute 220 billion euros annually to the EU economy by 2050, the document reads. “By acting now, we can establish Europe as a global leader in carbon removals, secure strategic autonomy, and unlock significant economic growth," NEP secretary-general Chris Sherwood said. ...

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