CDR library

🇪🇺 Huge news coming out of Europe this week! The European Commission released a draft implementing act for the Carbon Border Adjustment Mechanism (CBAM) covering the use of carbon credits. 🔎 The punchline: Europe is looking to allow up to 10% of international carbon credits (Article 6) and what looks like unlimited domestic compliance carbon credits to be used to reduce CBAM levies for companies exporting to Europe. 💶 Why is this so big? Let’s do the maths: the CBAM - cur

Europe’s flagship climate policy - the EU ETS - has come under heavy attack lately. Its cost on carbon is seen as unsustainable and unfair to European industry. ⚠️ As a result, member states are asking for changes, delays, and even suspension. 🤔 But could CDR be a solution here? 📈 First, let’s start with the status quo: the cost of carbon in the ETS is going to increase - by design: estimates put it at around €150/t in 2030, €200/t in 2035, €270/t in 2040 and >€600/t in 205

💭 When I think about what will generate the biggest demand for CDR in the coming decade, I come back to three things: 1️⃣ EU ETS integration 2️⃣ International credit procurement towards the EU 2040 target 3️⃣ Use for EU CBAM carbon price deduction. 💪 The last one is the big underdog amongst the three. Yet, unbeknownst to many, things are happening! 🇪🇺 The EU Commission is currently working on detailed rules of what the use of international credits - likely under Article

😱 Who would have thought that the U.S. could become the first country to incorporate carbon removals into a carbon border adjustment...

🎯 No surprises here: compliance is the way for me. It is what I work on day in day out. Today, I want to highlight the less well known -...

🏆 Integrating CDR into the EU’s Carbon Border Adjustment Mechanism (hashtag#CBAM) is increasingly looking like a win-win-win to me. It...