Europe in race to unlock CDR investment
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
European policymakers are fast-tracking proposals to drive the growth of the carbon dioxide removal (CDR) sector as they realise the importance of early-stage technologies such as direct air capture (DAC) in reaching emission reduction goals. In a flurry of activity in late August, both the European Commission and the UK government put out policy papers exploring multiple ways to accelerate investment in early-stage CDR technologies with high upfront capital and operational costs. Measures discussed include the granting of contracts for difference (CfD) to guarantee project revenues, large-scale credit purchasing programmes backed by public funds, and supporting DAC and other technologies by
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