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The EU is formalizing rules for taking CO2 out of the atmosphere
Can the EU avoid mistakes made with carbon offsets?
Net zero implies that the bloc would resort to capturing any remaining CO2 emissions that it hasn’t been able to prevent, either by harnessing the natural ability of plants to absorb carbon dioxide or by building technologies that filter CO2 out of the air or seawater. The framework “shows the European Union’s commitment to ‘getting carbon removals right,’” according to Christoph Beuttler, chief climate policy officer at Climeworks, one of the first companies to develop large industrial plants to filter CO2 out of the air. The strategy envisions the EU having the capacity to store 280 million metric tons of captured carbon dioxide a year by 2040, roughly equivalent to the annual emissions of more than 700 gas-fired power plants.
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