CDR library

👀 Last week, I shed some light on the pretty shaky assumptions behind the BioCCS cost forecast in the EU ETS proposal. Today, let’s shift focus to the other CDR method eligible for integration into the ETS: DACCS. 💶 Unlike with BioCCS, I didn’t find the DACCS numbers intuitively off. In fact, I had a bunch of DACCS project developers tell me they were quite happy about those numbers, which might be even higher than what they could get on the voluntary carbon market (VCM). �

💶 The BioCCS cost assumptions are the Achilles Heel of the current ETS CDR proposal. The numbers - see comments for a reminder - just don’t look right, with all the downstream implications they have. 👀 So I dove deep. Very deep. Three numbers are key to understand: 1️⃣ €172/t in 2020 - this forms the lower bound starting point (in 2023, using EUR2020) 2️⃣ €153/t in 2050 - this forms the single end point for all three (lower/average/upper) scenarios. 3️⃣ €314/t in 2024 - t

🚀 Yesterday, hundreds of carbon removers gathered in Brussels and online for the launch of the EU Buyers Club. Let’s start with the big, positive news: the Club has launched! 🧨 In typical European understatement, there was no big bang, even some people in the room missed this important detail: there is now an open group of buyers, working together with the European Commission, selecting eligible European projects. The first offtakes are expected this year. The day itself -