EU approves 3bn euro carbon capture scheme
The European Commission approved a 3 billion euro scheme to support carbon capture and storage in Sweden, though business leaders say lack of regulatory guidance has slowed progress in the sector.
The European Commission on Tuesday approved a 3 billion euro scheme to support carbon capture and storage (CCS) in Sweden, which aims to help the country meet its goal of net zero emissions by 2045.
The funding scheme will support projects that permanently capture and store carbon emissions from biomass plants that use wood and other waste to produce fuel, electricity, and heat.
