European carbon removal specialists to support new projects in India

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It includes reforestation and filters that extract carbon directly from the air.

CDR projects are more expensive than conventional CO2 reduction, and their viability will depend on carbon markets.

The value of the CDR market could rise from $2.27 billion in 2023 to around $100 billion by 2030 if barriers to growth are addressed, a consultancy also said last month.

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Category: BusinessFinance

Markets: IndiaFrance

Topics: Coal industry Carbon removal specialists European Union experts Carbon removal projects Charcoal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 09:01:07 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21570487

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