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.
Carbon Market Watch calls on organisations, businesses and academics to join its open call for the EU to explicitly separate its targets and policies for emissions reductions, carbon sequestration in the land sector and permanent removals in its post-2030 climate framework.
The International Energy Agency (IEA) confirms that delayed emissions cuts will leave us overly dependent on the panacea of carbon removals, which will deepen the climate crisis and make it costlier to humanity.
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
Carbon removals are not meant as a tool for corporate greenwashing or climate inaction. They should only be used to reduce the concentration of greenhouse gases in the atmosphere.
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.