CDR library

👀 As expected, the EU Parliament's Rapporteur on the Emission Trading System Revision Peter Liese is pushing for significant changes to the Commission's proposal. A Contexte leak of the [soon to be published] draft shows how far Liese wants to go: ➡️ Start date in 2029 instead of 2031 ➡️ Biochar added to the eligible pathways alongside DACCS and BioCCS with a 20% cap ➡️ [Uncapped] additional allowances to be auctioned to cover a potential price gap ✅ And much more. This is v

🤩 Our star guest was no other than Peter Liese, a 32-years veteran member of the European Parliament and its Rapporteur on the EU ETS review proposal. 🏆 And - dare I say - I have never spoken to a politician who champions carbon removals the way Peter does. 🏭 Peter has been advocating for CDR in the EU ETS since 2021, when he oversaw the last review, also as the Parliament’s Rapporteur on the file. So what does he think of the proposal now that CDR finally made it in? 🏁 I

👀 This is a particularly important one to scrutinise, as excessively low BCR costs - €37/t anyone? - were explicitly highlighted by the EU Commission as a reason NOT to integrate BCR into the ETS, given it could potentially lead to distorting effects. 🇪🇺 Now I know the BCR industry well enough to immediately realise that the Commission’s numbers were off. So let’s dig in - here is how the numbers come together: 1️⃣ The entire lower bound (€66-€37/t) comes / is derived fro