This paper reviews a variety of regulatory approaches to carbon dioxide removals (including emissions trading systems, tax incentives and public direct subsidies) and voluntary approaches, and, building upon failures, promising concepts and lessons learned from the reviewed frameworks, sketches a blueprint for sensible CDR policy design.
Carbon removals are again on the negotiating table at COP28 in Dubai. And, again, the text is inadequate.
After much debate and many meetings, the Article 6.4 Supervisory Body concluded its draft recommendations on removals and on methodological requirements on 17 November, and forwarded them for countries’ consideration at COP28. If they are adopted, they will have significant repercussions on how methodologies are developed and on how removal activities would feature in the Article 6.4 market. Whether these …
Read more “CMW’s views on Article 6.4 SB’s recommendations to CMA”
The below table provides CMW’s recommendations concerning key Article 6 topics on which SBSTA is mandated to provide recommendations/guidance for adoption by the CMA at COP28. These recommendations build on a previous set of recommendations CMW had prepared ahead of SB 58. To summarise, for Article 6.2: Sequencing: The 6.2 process should have clearly separated, …
Read more “CMW’s COP28 recommendations to SBSTA on key Article 6 topics”
Today’s vote at the European Parliament paves the way to interinstitutional negotiations on the Carbon Removals Certification Framework. The EU institutions urgently need to hammer out the many imperfections of the CRCF to ensure that carbon removals become an effective climate action tool.
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 European Union is starting the long process towards establishing the bloc’s post-2030 climate policy framework and Carbon Market Watch wants to make sure that slashing emissions is the absolute priority.
The European Parliament has raised the bar on the proposed legislation for regulating carbon removals but the EU is still far away from a framework that would truly benefit the climate.
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.
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
