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 »
The first engineered carbon removal projects that have received substantial public funding have emerged. Some of these projects are looking to stack this support with the proceeds from selling removal credits on the Voluntary Carbon Markets (VCM)..