There is a constant flux of carbon market size calculations and projections. This gets a lot of attention in the voluntary carbon markets, currently valued at around $2 billion and growing. Every now and then, the size of compliance carbon markets…
What are the key considerations around including carbon dioxide removal in the EU Emissions Trading System (EU ETS)? Compared to a couple of years ago, the conversations have evolved from whether to bring in removals to how to do it in practice…
The UN standard-setters are continuing their deliberations on removals under the Paris Agreement. The upcoming 5th meeting of the Article 6.4 Supervisory Body has a busy agenda and one particular document has captured the interest of stakeholders due to its unbalanced perspective on carbon removal. In response to numerous requests for calls, meetings, and submission input, this blog post aims to shed light on the process, the pertinent considerations, and …
Challenges for Carbon Removal under the UN Standard Read More »
March 2023 laid the groundwork for developing carbon removal methodologies under the EU Carbon Removal Certification and the Paris Agreement. The European Commission’s Carbon Removals Expert Group had its inaugural meeting, and the Article 6.4 Supervisory Body convened for its first session of the year. Whilst both groups were largely in the planning mode with their carbon removal-related activities, there are a few noteworthy developments to highlight. This post shares …
EU and UN Kickstart Their Work on Carbon Removal for 2023 Read More »
2023 is bound to have an outsized impact on the EU’s climate policy. The preparation done this year will lay the foundation for the new EU climate target, to be proposed in the spring of 2024. It will shape the policy landscape for the next 15 years. However, so far it’s flying largely under the radar and is not getting the attention it deserves. 2022 was the core year of …
2023 — the Year of Shaping EU’s 2040 Climate Target Read More »