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Commission approves €3 billion Swedish State aid scheme to support the roll-out of biogenic carbon dioxide capture and storage
EU ETS News
Industries
Wednesday, 3rd July 2024
European Commission

The European Commission has approved, under EU State aid rules, a €3 billion (SEK 36 billion) Swedish scheme to support carbon capture and storage (‘CCS’) aimed at reducing carbon dioxide (‘CO2′) released during the combustion or processing of biomass (‘biogenic CO2′). The measure will contribute to the achievement of Sweden’s climate targets and the EU’s strategic objectives under the European Green Deal, in particular the 2050 climate neutrality goal.

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