On 6th February, the European Commission published its communication on the EU climate target, proposed a 90% cut in emissions by 2040. It also published a separate communication on its Industrial Carbon Management strategy with a roadmap for carbon capture, utilisation and storage (CCUS) technology for hard-to-abate sectors.
Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), examines the key takeaways and offers perspectives as to whether the plans provide a clear and stable investment signal necessary to drive forward net zero aspirations.
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