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Home » Finance » EU Clears EUR 3 Billion Swedish Scheme for Biogenic Carbon Capture
Finance

EU Clears EUR 3 Billion Swedish Scheme for Biogenic Carbon Capture

By Philip BrooksJuly 3, 20241 Min Read
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Credit: Karolina Grabowska/Pexels
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The European Commission (EC) has approved a EUR 3 billion (USD 3.2 billion) state aid scheme proposed by Sweden aimed at promoting biogenic carbon capture and storage (CCS). The scheme will fund initiatives that capture and store carbon dioxide (CO2) emitted during the combustion or processing of biomass. Under the scheme, funding will be allocated

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