Climate Policy

2023 — the Year of Shaping EU’s 2040 Climate Target

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 […]

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Carbon Removal Eve Tamme

EU Enters The Race For Carbon Removal Certification

The global race to certify removals is gathering speed. The European Commission has published its proposal for the EU’s Carbon Removal Certification Framework (CRCF), putting Europe in the lead in carbon removal policy design. Next to the EU, several countries, including the UK and US, are considering the best options to quantify removals. In addition to governments, there is a long list of initiatives and standards in different stages of

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carbon markets eve tamme

What’s next for carbon markets?

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

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From Carbon Neutrality to Climate Neutrality

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

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Should negative emissions be included in the EU ETS?

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%

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