The newly released Greenhouse Gas Protocol Land Sector and Removals Standard (LSRS) establishes a critical framework for companies to account for land-based emissions and carbon removals, addressing long-standing gaps in corporate climate disclosure. However, the standard’s potential to drive genuine decarbonisation and accurately account for emissions and removals is compromised by two structural ambiguities.
Good climate planning is the foundation of effective climate action. But right now, EU Member States’ National Energy and Climate Plans (NECPs) are falling short, lacking transparency and proper assessments of how permanent carbon dioxide removals (CDR) will actually be deployed to help achieve net zero emissions. The most popular CDR technologies come with real …
Read more “CMW’s feedback on the role of carbon dioxide removals in the Governance Regulation framework.”
CRCF is currently viewed as only a small cog in the EU climate policy machine, but it plays a crucial function as a fundamental facet of any policy related to permanent removals, the land sink or agricultural emissions.
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 …
Read more “Why the EU’s rulebook for certifying permanent carbon removals will fail”
Depending on how it is designed, the Commission’s newly proposed EU Buyers Club initiative for carbon removals may contribute little to the green transition or even set it off course. The CO2ol Down project proposes a workable alternative that develops permanent removals while slashing emissions. With the European Union’s recently agreed 2040 climate target setting …
Read more “The EU’s approach to carbon removals won’t remove the climate crisis: lessons from CO2ol Down”
CO2ol Down is a project based on collaborative policymaking and co-creation theory. It is grounded in principles of collective progress and mutual benefit, rather than the advancement of individual agendas.
A groundbreaking study finds that many countries relying heavily on carbon removals are at high risk of placing their climate goals in jeopardy. This echoes findings from previous Carbon Market Watch research and is helping guide future investigations.
A false equivalence is too often made between carbon emissions and the removals that may balance them. Mistaken ‘like for like’ thinking undermines the integrity of climate policies.
This special edition of our flagship Corporate Climate Responsibility Monitor (CCRM) analyses the carbon removal strategies of 35 major companies across seven sectors. This joint initiative of NewClimate Institute and Carbon Market Watch reveals critical gaps in transparency, integrity, and credibility. The corporate world has substantially increased its use of both non-durable and durable carbon …
Read more “Companies’ role in scaling up durable carbon removals: An assessment of the status quo and recommendations to voluntary initiatives”
