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.
Storing carbon temporarily is being touted as a tool for tackling the climate crisis. But unless the CO2 is stored for over a century, this “solution” can do more harm than good, despite the co-benefits to ecosystems.
In this report Carbon Market Watch analyse the role and implementation of carbon removals in climate policies across 20 jurisdictions spanning global, EU, national and sub-national levels.
Carbon Market Watch welcomes the opportunity to provide inputs to the Supervisory Body on specific questions pertaining to removal activities. However, we note that the 2-week window to make submissions is extremely short and also overlaps with SB58, which many observer organisations that closely follow the Supervisory Body have attended – as a result, there …
This joint letter from Carbon Market Watch and allied NGOs raises a number of key concerns that the European Commission must take on board to ensure the transparent, representative and effective future functioning of the Expert Group on Carbon Removals and its meetings.
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.
This event discusses the proposed Carbon Removals Certification Framework (CRCF): the role and use of removals, the definition of removals and carbon farming.
The European Parliament Environment Committee’s rapporteur has preserved most of the defects in her draft report reacting to the European Commission’s proposed Carbon Removal Certification Framework. The draft report, composed by MEP Lídia Pereira of the European People’s Party, contains many small improvements compared with the European Commission’s original proposal for a Carbon Removal Certification …
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.