Clean technologies are projected to continue expanding in turnover, investments and jobs. Thanks to ambitious climate targets, the EU is a global leader in high-value inventions and was an early mover in developing a cleantech production base. However, it has lost technological leadership in several sectors and its manufacturing base is eroding.
The adoption of the European Union Climate law has set an ambitious emission reduction target for 2030 while confirming the climate neutrality objective for 2050. According to the IPCC scenarios, keeping global warming below 1.5°C requires that global anthropogenic net emissions should be zero by around 2050. Secondly, meeting this goal requires the deployment of CDR, which can happen by means of bioenergy with carbon capture and storage (BECCS) and removals in the agriculture, forestry and other land use (AFOLU) sector. The IPCC defines CDR as "anthropogenic activities removing CO2 from the atmosphere and durably storing it in geological, terrestrial, or ocean reservoirs, or in products".
Download — Avizul CESE: Role of carbon removal technologies in decarbonising the European industry
The EESC considers that the European Union must overcome the COVID-19 crisis by building a new model for society, one which will make our economies more green, just and resistant to future shocks. European recovery funds must enable businesses, innovators, workers and investors to affirm their role as world leaders in the expanding clean energy markets.
