Policymakers must break the magnetism between carbon markets and carbon removals by putting in place non-market incentives. This requires a rethinking of the EU’s Carbon Removals Certification Framework process and setting the right targets for 2040.
American fossil fuel companies are tapping taxpayer money to invest heavily in energy-guzzling Direct Air Carbon Capture and Storage (DACCS), all to continue pumping out oil. This has serious ramifications for the climate and global efforts to decarbonise.
Carbon Market Watch (CMW) has delivered a strong verdict on the role of carbon removals and temporary carbon storage in the hierarchy of climate action in a pair of complementary reports released on 25 September 2023. A study of policy frameworks around the world shows that policymakers are getting it wrong.
Carbon removals can only play a minor supporting role to rapid and deep emissions reductions, concluded a panel discussion organised by Carbon Market Watch at the European Parliament.
The EU must ignore lobbying efforts from industry to certify the storage of carbon dioxide in cement or concrete as carbon removals.
Preserving nature, restoring soils and safeguarding biodiversity are urgent and necessary activities. However, branding them as carbon removals is harmful. We need other solutions
The draft EU Carbon Removal Certification Framework is at risk of doing more harm than good to the climate and biodiversity, while encouraging climate inaction.
Carbon Market Watch, ECOS, EEB, Bellona, IATP, FERN and WWF address an open letter to the European Commission in the context of the anticipated proposal on the Carbon Removal Certification Framework (CRCF). We believe this piece of legislation can have merits and address a gap in the EU climate policy framework, but risks seriously undermining …
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