As the European Commission weighs whether and how to incorporate permanent carbon removals into the EU’s carbon market, it has recently adopted key rules to define, quantify and assess trade offs associated with those removals.
Enabling the use of carbon removals credits in the EU’s Emissions Trading System would be a bad idea, but to make matters worse, these quantification rules are not fit for purpose. EU policymakers have the opportunity to send these rules back to the drawing board before they enter into force, or the EU ETS might become bloated with hot air.
Leading climate and nature NGOs invite you to this webinar that explains the Carbon Removal and Carbon Farming framework, and why and how policymakers need to reject the currently proposed rules for the quantification of permanent removals.
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Carbon Removal and Carbon Farming (CRCF) is a key policy underpinning any EU initiative on permanent removals, enhancing land sinks and addressing agricultural emissions. CRCF’s rules on permanent removals will impact the EU ETS, depending whether and how these removals are integrated into the EU carbon market. At first glance it might seem like a niche issue, but it will impact the wide field of climate and environmental policy for decades.
In light of the recent adoption of the technical rulebook for the quantification of permanent removals – in the form of a Delegated Act (DA) – policy experts from Carbon Market Watch, Fern, and WWF presented their concerns in this webinar.
The session offered a deep-dive into the CRCF framework, a summary of the core environmental issues with the Delegated Act for permanent removals, and the implications these weaknesses will have for the post-2030 framework. There was also an opportunity to ask questions to the policy experts who have been following the CRCF since day one – including a few members of the European Commission’s Carbon Removal Expert Group.
Background information on the CRCF and key points covered throughout the session available here.
Speakers and presentations
Wijnand Stoefs, Carbon Market Watch. Presentation
Martin Pigeon, Fern. Presentation
Sofia Ghezzi, WWF European Policy Office. Presentation
Felix Fallasch, Öko-Institut. Presentation
