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Writer's picturesebmanhart
Jan 25

🚨🇪🇺 Breaking: European Commission to propose 75,000,000 tons industrial CDR target / year by 2040 🇪🇺🚨




📣 More details are emerging on the upcoming Industrial Carbon Management Strategy. According to a leaked version first circulated by Contexte today, the European Commission is considering a target of up to 75,000,000 tons of industrial carbon dioxide removal (#CDR) per year by 2040.


🔓 Key takeaways from the 133-paged impact assessment, which adds more details to previous leaks reported by Bloomberg:


📉 The EU is considering three scenarios for 2040, each with a different amount of CDR:

  • S1: 75%+ emission reduction (against 1990 levels) -> 4Mt of industrial CDR - 218Mt of removal through LULUCF

  • S2: 85%+ emission reduction -> 49Mt of industrial CDR - 316Mt of removal through LULUCF

  • S3: 90%+ emission reduction -> 75Mt of industrial CDR - 317Mt of removal through LULUCF (note: this is the scenario the EU Commission seems to back)


🎯 Finally, we are also seeing a specific net-zero target for 2050 of 114Mt of industrial CDR and 333Mt of removal through LULUCF.


⚠️ A major concern that emerges from this draft is the exclusive focus on #DACCS and #BECCS for industrial carbon removal. We need technology-open CDR policy. Picking winners in 2024 is simply not going to get us to #netzero.


🤔 What is your take on this? Ambitious enough or not? Will DACCS and BECCS be sufficient to achieve these targets?






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