On Thursday 22 May, experts from industry, civil society, and academia gathered in Brussels to discuss EU policy options that will finance permanent carbon removals, without impeding and slowing down investments that lead to drastic emissions cuts.
The aim of this co-creation workshop is to detail, to the extent possible, the key elements of a concrete proposal for a regulatory framework to finance CDR in the EU.
In its freshly published report on scaling up carbon dioxide removals in the EU, the European Scientific Advisory Board on Climate Change (ESABCC), established by the EU Climate Law, makes setting separate climate targets its number one recommendation. This aligns with what Carbon Market Watch and other stakeholders have been advocating.
To facilitate a transatlantic exchange of views, Carbon Market Watch brought together experts from the USA, the UK, Germany and the EU to track progress towards implementing separate climate targets and carbon removals policies. Carbon Market Watch recently organised a webinar aimed at delving deeper into how key trailblazing countries, states and regions on both …
This webinar will assess the state of carbon dioxide removals (CDR) policies on both sides of the Atlantic.
The CO2ol Down coalition took its campaign to the heart of EU policymaking on Thursday to present its ready-to-go plans on the role of carbon removals in the EU climate framework towards 2040 and beyond.
A novel co-creation initiative involving a broad spectrum of stakeholders led to the development of a joint blueprint for carbon removals policies in the European Union.
As re-confirmed by leading climate scientists in October, there is no alternative to near-term emission reductions to limit damage to our planet, ecosystems and people. However, there is a need to prepare for an environmentally sustainable removals capacity that can help reach climate equilibrium in the future.
Not only does the Climate Law not mention the different roles of biogenic sequestration by natural sinks and permanent removals, but it also fails to determine how much or which type of removals should be used to reach the net-zero target by 2050, or how much residual emissions will be allowed at that point.
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