The European Commission is working on plans to accelerate investment in carbon capture and storage, it said on Friday, as the bloc prepares to reduce its net greenhouse gas emissions to zero by 2050. In a public consultation on the plans, the Commission said infrastructure to capture and store CO2 underground or to use it in industries was not being developed quickly enough, held back by factors including the high cost of building storage. In a bid to support the industry, the Commission said it would develop an EU strategy that could include 2040 and 2050 targets for CO2 storage infrastructure or EU-wide standards on CO2 quality and access to carbon capture infrastructure. (Kate Abnett)

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