EU OKs €3 Billion Swedish Carbon Capture

EU approves €3 billion Swedish CCS Scheme to combat biogenic CO2 emissions

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The European Commission has sanctioned a €3 billion Swedish initiative under EU State aid regulations to support carbon capture and storage (CCS). This scheme is designed to mitigate the release of carbon dioxide during biomass combustion or processing (biogenic CO₂).

This initiative will aid Sweden in meeting its climate goals and support the EU’s strategic aims under the European Green Deal, precisely the target of climate neutrality by 2050.

EU approves €3 billion Swedish CCS Scheme to combat biogenic CO2 emissions

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