Motivated by a desire to keep down the cost of achieving its climate targets, the EU has failed to rule out the double counting of emissions reductions under its Carbon Removals Certification Framework. By so doing it is undermining established standards and its own policies.
The EU’s lacklustre attempt to forge a certification system for carbon removals is so riddled with holes that the process needs to be rebooted to avoid doing more harm than good.
EU’s underwhelming 2040 climate target shifts responsibility to future generations
With the European Commission set to release its proposed 2040 climate target for the EU on 6 February 2024, it is imperative that policymakers get the design right by separating carbon removals from emissions reductions,
Carbon Market Watch has launched a new project aimed at collectively designing the way the EU should regulate removals.
Registration Deadline: 31 January 2024 Carbon Market Watch is calling on scientists, civil society organisations and climate ambitious industries to join forces to co-design policy proposals that maximise the benefits of removals while keeping the EU’s ambition to slash emissions safe. Participants will discuss and co-create concrete policies on how to best incentivise carbon removals …
the European Commission has received an open letter signed by 96 academics, businesses, civil society organisations and research institutions urging the EU to separate emissions reductions, land-based sequestration and permanent carbon removals in the EU’s post-2030 climate framework.
Letter sent to the European Commission by 116 academics, businesses, civil society organisations and research institutions urging the EU to separate emissions reductions, land-based sequestration and permanent carbon removals in the EU’s post-2030 climate framework. This separation should be at the heart of both the setting and the implementation of the 2040 target and associated …
Read more “Open letter on separate targets in 2040 climate framework”
Carbon Market Watch colleagues met on 11 December to brainstorm a name and a logo to accentuate our Milkywire Climate Transformation Fund supported carbon dioxide removals (CDR) campaign.
This paper reviews a variety of regulatory approaches to carbon dioxide removals (including emissions trading systems, tax incentives and public direct subsidies) and voluntary approaches, and, building upon failures, promising concepts and lessons learned from the reviewed frameworks, sketches a blueprint for sensible CDR policy design.
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