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Certification of carbon removals: the first step towards an EU market mechanism for negative emissions
27th April 2021 @ 3:00 pm - 5:15 pm
The Commission scenarios show that the EU will have to rely on a substantial amount of carbon removals to reach climate neutrality by 2050 and achieve net-negative emissions thereafter. This is why the Commission is now designing an EU-wide carbon removal certification mechanism covering both nature-based and technological solutions. Removal of atmospheric or biogenic CO2 requires a GHG methodology and a regulatory framework that are formally separated from emissions reduction measures supporting capture, use and storage of point source CO2. This is an important first step towards providing adequate mandates and incentives for much-needed market take-up of carbon removal solutions.
Join us to hear from DG Climate and the Austrian Environmental Agency about the plans and progress of an EU certification mechanism, followed by views from developers of technological and hybrid carbon removal projects, as well as policy practitioners developing a carbon removal obligation concept.
