Will the new European mandate be the one for industrial carbon management?
Alongside its 2040 climate objective of 90% reduction in greenhouse gas emissions relative to 1990 levels, the Commission published an EU industrial carbon management strategy, underlining the necessity to capture around 280 million tonnes of CO2 by 2040 and 450 million tonnes by 2050 to reach carbon neutrality. These ambitious objectives aim to make carbon management a real lever for the energy transition, thus ending 15 years of policy uncertainty on CCS. The framework proposed by the…