🇸🇪This week’s spotlight on a leading EU country in carbon dioxide removal (#CDR): Sweden 🇸🇪

Sweden’s CDR policy has long stood out compared to other countries. With an advanced portfolio of strategies for reaching net zero by 2045, Sweden is a strong example of a country investing proactively in carbon management policies and projects.

Here are three key policy commitments from Sweden that illustrate this:

⏰ Net zero by 2045

Sweden voluntarily moved its net-zero target from 2050 to 2045, comprising 85% emissions reductions and 15% other measures, which will likely include carbon capture and storage (CCS) and CDR technologies.

🎯 Clear removals targets for 2030

Sweden is one of the few countries getting specific on CDR targets by 2030: first, increasing carbon sinks capacity, including biochar carbon removal (#BCR) to 1.2 million tons CO2/year. Second, scaling bioenergy with carbon capture and storage (#BECCS) to 1.8 million tons CO2/year

💶 Reverse auction scheme for BECCS

With an aim to cover 2MtCO2/year from 2030, the scheme rewards the operator who can deliver BECCS at the lowest price and covers 100% of the costs of capture, storage and transport during a 15 year period. In November 2022, around €156 million per year (or €3.3b total) were committed to this scheme for 2026- 2046.

It is worth noting that Sweden holds the presidency of the Council of the European Union until June 30th, making the country a key voice in shaping upcoming policy conversations in Europe.

👏Shoutout to the following individuals pushing for ambitious climate policy and driving CDR in Sweden:

Emma, Frida Sund, Fabian, Robert, David, Karolina, Priya, Cozette.

👏And another big shoutout to these leading Swedish CDR companies:

Stockholm Exergi, Milkywire, Removement, Planboo, and KLIMPO.