Key Impact Points:
- €3 billion aid to support biogenic CO2 capture and storage in Sweden.
- Competitive bidding to award grants for capturing at least 50,000 tonnes/year.
- Boosts Sweden’s climate targets and EU’s 2050 climate neutrality goal.
The European Commission has approved a €3 billion Swedish scheme to support carbon capture and storage (CCS) aimed at reducing biogenic CO2 emissions. This initiative aligns with Sweden’s climate targets and the EU’s Green Deal objectives, including the 2050 climate neutrality goal.
Swedish Scheme Details:…