The Carbon Credits Conundrum: why governments need to regulate carbon removal and voluntary markets

Dieses Briefing legt den aktuellen politischen Kontext der CO2 Entnahme (Carbon Dioxide Removal, CDR) dar, insbesondere in Bezug auf seine Einbeziehung in freiwillige CO2-Märkte und den bevorstehenden Carbon Removal Certification Mechanism.

This briefing lays out the current political context of CDR, particularly related to its inclusion in voluntary carbon markets and the upcoming Carbon Removal Certification Mechanism. It also points to the potential risks of introducing removal credits into voluntary markets and treating them all as interchangeable. Finally, the briefing outlines ‘no-regret’ steps that can be taken to ensure the sound governance of CDR in the EU.

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Screenshot 2022-08-31 130833 Figure 1. Historical greenhouse gas emissions (data from EEA) and the linear emission trajectory needed for EU Climate Law ambitions

Screenshot 2022-08-31 131009 Figure 2. The three sequential roles of carbon dioxide removal in mitigating catastrophic climate change (Stylized rendering; adapted from IPCC 2022)

Screenshot 2022-08-31 131111 Table 1. Emission reductions, avoidance, and removals are each distinct but vital parts of mitigating climate change

Screenshot 2022-08-31 131219