Numerous changes are particularly needed in the Supervisory Body’s draft recommendations regarding removal activities, including with regard to the need for: long-term monitoring, a science-based process to determine reversal risk, clarifications on how reversals are remediated, and strengthened safeguards to uphold the rights of Indigenous Peoples. For more information, including Carbon Market Watch’s text proposals, please consult our full submission.
Is offsetting fine if it is done with highly durable carbon removal credits? Sabine Frank weighs the pros and cons.
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 …
Read more “CO2ol Down Workshops”
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.
