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.
The EU needs a clear and comprehensive strategy that is mindful of the risks, challenges and opportunities of supporting the development and scale-up of a sufficient supply of permanent removals.
Leading figures from academia, civil society and industry have collaborated to create two proposals to clarify key carbon removals principles that should be integrated into the EU Climate Law and relevant climate policies
CMW applauds United Nations’ Secretary General António Guterres’s calls for the safe and sustainable use of carbon removals while warning that these technologies were not a “silver bullet” and cannot substitute deep emissions cuts.
The first phase of Carbon Market Watch’s carbon removals co-creation process, “CO2ol Down”, is almost over. Fabiola De Simone explains how this cool project aims to heat up EU action on the bloc’s 2040 target and upcoming legislative process
Participants at the third meeting of the CO2ol Down campaign took a giant leap towards finalising their proposed amendments to the EU Climate Law and policy recommendations for governing permanent carbon removals in the EU
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