EU drafts plans to capture and store hundreds of millions of tonnes of CO2 emissions by 2050

Antonio Guterres, secretary-general of the United Nations said the phase-out of fossil fuels was essential and inevitable to avoid a global climate catastrophe. Picture: Gian Ehrenzeller/Keystone via AP

The EU has drafted plans to capture and store hundreds of millions of tonnes of CO2 emissions by 2050 to ensure industries can meet Europe's climate change goals, a draft document showed.

Achieving the EU's 2050 net zero emissions target will require companies to switch to green energy and change their production methods.