The carbon markets are experiencing rapid growth. The voluntary markets are expanding due to unprecedented demand from corporate buyers and a related boom in issuing new credits. The compliance markets are growing via increased allowance prices and soon also through the emerging Paris Agreement market. All the while, the two markets are increasingly converging, and the voluntary market is bound to go through substantial changes. Will there be a competition …
The new IPCC report brings carbon removal to the centre stage of climate mitigation as an essential and unavoidable tool to achieve net-zero GHG emissions.
The first time I put together a visual on net-zero vocabulary was back in 2019. That slide went on to have a life of its own and was used in presentations by climate policy experts and as a learning tool for a wide range of stakeholders. Things have changed over the last couple of years and it is time for an update. Whenever net-zero targets are used, we have to …
Let’s take a closer look at how removals are included in Europe’s sectoral climate policies today, what kind of proposals are currently on the table, and the options to include carbon removal in climate policy tools like the European Union Emissions Trading System. Where are the removals included today? The three pillars of the European Union climate policy are: 1) European Union Emissions Trading System (EU ETS), which covers 40% …
Should negative emissions be included in the EU ETS? Read More »
The Paris Agreement and subsequent IPCC Special Report on 1.5°C have motivated nations and corporates to take on net-zero targets. We have arrived in a new era of climate policy. Next to reducing emissions, this progress has sparked immense interest in carbon removal — the other part of climate change mitigation. Next to steep emission reductions required over the coming decades, carbon removal will become the main driver of climate ambition …
Designing Carbon Removal Policy, Part 1 — Clarifying Net-Zero Read More »