Over the last 4 months, we at Carbonfuture (with the help of Alexis Dunand) carried out wide-ranging research on where CDR policy in Europe is at. We looked at all 27 EU member states + 4 non-EU states: ๐ฆ๐น ๐ง๐ช ๐ง๐ฌ ๐ญ๐ท ๐จ๐พ ๐จ๐ฟ ๐ฉ๐ฐ ๐ช๐ช ๐ซ๐ฎ ๐ซ๐ท ๐ฉ๐ช ๐ฌ๐ท ๐ญ๐บ ๐ฎ๐ธ ๐ฎ๐น ๐ฑ๐ป ๐ฑ๐บ ๐ฒ๐น ๐ณ๐ฑ ๐ณ๐ด ๐ต๐ฑ ๐ต๐น ๐ท๐ด ๐ธ๐ฐ ๐ธ๐ฎ ๐ช๐ธ ๐ธ๐ช ๐จ๐ญ ๐ฌ๐ง
Iยดll be sharing various maps summarising this research alongside analysis over the coming weeks. Starting today: where is CDR at in Europe?
๐ Three countries, the United Kingdom ๐ฌ๐ง, Switzerland๐จ๐ญ, and Denmark ๐ฉ๐ฐ are clearly leading the way with advanced policy frameworks to support the development of CDR. Interestingly, two out of these three countries are not members of the EU.
๐ The EU powerhouses Germany ๐ฉ๐ช, France ๐ซ๐ท, Spain ๐ช๐ธ, and Italy ๐ฎ๐น are all squarely in midfield, with some early considerations of CDR but still a lot of room for growth. Leadership by one of these will be critical to move the needle in the ๐ช๐บ - given recent developments, Iยดve got my bet on ๐ฉ๐ช.
๐ช The countries to watch within the EU - beyond trailblazer ๐ฉ๐ฐ - are Sweden ๐ธ๐ช, Finland ๐ซ๐ฎ, Belgium ๐ง๐ช, and Portugal ๐ต๐น, all of whom have recognised the huge potential of CDR and have advanced ambitious CDR policy to foster the growth of the industry.
๐กThere seems to be a clear West/East divide on CDR. Eastern European states have almost all (Croatia ๐ญ๐ท being the exception) not gone beyond putting in place the bare minimum policy frameworks. This represents a huge opportunity, given the economic benefits that the development of CDR could bring to these countries.
Does this resonate with your experiences across Europe? Where do you see the biggest potential?
๐ฃ Watch this space for more maps and analysis ๐ฃ
The underlying raw data will also all be open-sourced within Q1.
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