CONNECT WITH US
Climate & Energy

Climate & Energy

Carbon Removal And Utilization Named As Priorities In EU’s 2027 Accelerator Challenges

Carbon Herald logo

Published on

Add as a preferred source on Google
Carbon Removal And Utilization Named As Priorities In EU’s 2027 Accelerator Challenges

In the 2027 Accelerator Challenges, the European Innovation Council and SMEs Executive Agency (EISMEA) have allocated an indicative budget of ~ $55 million (€50 million) intended to support a select number of solutions, including carbon dioxide removal (CDR). 

Launched by the European Innovation Council, the EIC Accelerator Challenges are calls for proposals in predefined areas and topics where breakthrough technologies or game-changing innovations developed by start-ups or SMEs can have a major impact on EU objectives. 

The 2027 edition of the Accelerator Challenges has listed 4 major areas as priorities. 

These include advanced ocean observation technologies, climate-neutral and smart cities, fusion power plant innovations, and, for the first time ever, carbon removal and utilization for climate change mitigation and EU industrial resilience. 

By supporting carbon removal and utilization, the EU intends to back solutions that contribute towards its climate targets and promote industrial value chain resilience.

Pathways eligible for this call include DACCS, BioCCS, biochar, enhanced rock weathering (ERW), direct ocean capture (DOC), alkalinity enhancement, CO2 mineralization in products, carbon capture and utilization technologies, and tools for monitoring, reporting, and verification (MRV).

The call specifies that solutions focused on storing captured fossil CO2 as a gas without chemical transformation and hydrogen production technologies will not be considered under this Challenge.

Relevant: EU Launches New Calls For Proposals Closely Aligned With The CRCF Regulation

Through this opportunity, project developers have the chance to secure funding to test carbon removal technologies at an industrial scale and bring those solutions to market.


Source link
Related Topics:Climate & Energy

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.