World climate change authority welcomes new European Parliament law
Brussels, Belgium: The World authority on carbon capture and storage (CCS), the Global CCS Institute, has welcomed the European Parliament’s voting into law, measures to reduce CO2 emissions across Europe, including the establishment of a multi-billion-euro fund supporting CCS innovation and other low-carbon projects.
Global CCS Institute CEO, Brad Page, says the measures herald a great leap forward for climate action and carbon capture and storage (CCS) deployment.
“The new law begins delivery of EU pledges under the Paris Agreement and encourages low-carbon investment which is critical to Paris climate change targets being reached.”
“Climate change needs to recognise all clean technologies if targets are to be met and the establishment of the Innovation Fund will provide financial support for renewable energy, carbon capture and storage and other low-carbon innovation projects.”
More information can be found on the European Parliament website.