Today in Washington the European Commission, represented by Loyola de Palacio, Vice President in charge of Energy and Transport, signed an international charter on CO2 capture and storage (CO2/carbon sequestration).
This will create the “Carbon Sequestration Leadership Forum” with Australia, Brazil, Canada, Colombia, Italy, India, Japan, Mexico, Norway, the People’s Republic of China, Russia, the United Kingdom and the US. The Forum aims to stimulate research into carbon sequestration technologies, to “clean up” fossil fuels by capturing CO2 at source and storing it for thousands of years deep underground. This will help reduce greenhouse gas emissions.
Vice president De Palacio said: “We are committed to meeting the Kyoto Protocol targets, through the enhanced use of renewable energy sources, and more efficient use of energy. All these efforts are on track through brand new legislation adopted in the last few years. Carbon sequestration complements these efforts. The agreement signed today offers opportunities for deeper cuts in emissions well beyond the Kyoto 2012 horizon, as a further contribution in the crucial fight against climate change.”
| European Commission
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