EU drafts plan to zero out industry's carbon footprint by 2050
The European Union has drafted plans to capture and store hundreds of millions of tons of CO2 emissions by 2050 to ensure industries can meet Europe's climate change goals, a draft document showed. Achieving the EU's 2050 net zero emissions target will require companies to switch to green energy and change their production methods. By 2050, the EU will need to capture up to 450 million tons of CO2 per year, according to a draft European Commission plan, seen by Reuters.