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EU Parliament approves deal on world’s first carbon removal certification scheme

(EurActiv, 11 Apr 2024) The European Parliament voted yesterday (Wednesday, 10 April) in Brussels to approve a deal with national governments on a new carbon removal certification scheme.

The new rules establish a registry for certified units of carbon dioxide, which have been removed from the atmosphere via industrial or nature-based processes.

In time this could unlock a market for captured CO2 and incentive actors to remove and store atmospheric carbon.

Lead lawmaker on the file Lídia Pereira was “delighted” and said that she was “thrilled to see that farmers can have an extra revenue stream” from carbon capture.

The European Commission has proposed a target to reduce 2040 greenhouse gas emissions by 90% relative to 1990 levels, and has estimated that 280 million tons of CO2 equivalent would need to be captured for this target to be reached.

Environmental NGOs’ reacted with scepticism.

External link

EurActiv, 11 Apr 2024: EU Parliament approves deal on world’s first carbon removal certification scheme

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