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.
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.
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
A companion to ‘A framework for assessing the climate value of temporary carbon storage’, this document provides a summary for policymakers based on the scientifically grounded evidence from climate economist Danny Cullenward’s research.
Carbon capture and utilisation (CCU), which is almost always only a temporary store of greenhouse gases, should not absolve corporations of their obligations to pay for their pollution, writes Wijnand Stoefs.
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