EU Aims to Boost CDR Funding for Climate Goals

The EU has committed to increase funding for carbon dioxide removal (CDR) research and development, aiming to allocate at least EUR 2.6 billion during the 2028-2034 financial cycle. Current funding for CDR, estimated at EUR 657 million from 2020 to 2023, has been insufficient, representing only 0.1% of the EU’s total climate action budget for that period. The proposed recommendations emphasize not only financial support but also the necessity of integrating governance and societal readiness into CDR innovations.