Industrial Carbon Management Interactive Stories: a New Tool to Discover Eu-Funded Projects ...

The European Union is putting its money where its mouth is in an effort to fight climate change.

The EU announced Tuesday that it's pouring $2.3 billion into carbon capture, utilisation, and storage (CCUS) projects in an effort to reduce carbon dioxide emissions by up to 450 million tons a year by 2050, reports the Guardian.

That's up from the EU's goal of 50 million tons a year by 2030 and 280 million tons by 2040, according to a press release from the EU's Climate and Energy Agency.

The projects, which involve 534 beneficiaries from 42 countries, "will drive the European clean-tech innovation in the sector, improve the environment and the life of EU citizens, and to improve the environment and the life of industrial carbon dioxide capture, utilisation, and storage," says the EU's Climate and Energy Commissioner Miguel Arias Gonz ? lez.

An interactive tool launched by the EU's CINEA agency allows viewers to see how the EU money is being spent.

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