🔥 Breaking: the world’s first Article 6.2 agreement for durable CDR 🔥

🇨🇭 🇳🇴 Hot off the press: Switzerland and Norway just signed a first of its kind agreement, looking to transfer durable carbon removal between the two countries using the United Nation’s 6.2 mechanism.

🇺🇳 These pilots will involve symbolic transfers of carbon dioxide removal hashtag#IMTOs (internationally transferred mitigation outcomes): Norwegian BECCS to Swiss buyers, and Swiss mineralisation to Norwegian buyers.

😮 The agreement foresees small-volume pilot transfers (1,000–10,000 tCO₂ from Norway; 100–1,000 tCO₂ from Switzerland) starting in 2028–2029, with the goal of paving the way for large-scale transfers in the 2030s.

🌟 Switzerland continues to lead the global ranking for Article 6 agreements, having now signed 13 of them, with this being the first one focused on durable CDR.

🔮 So what’s next? Now that the agreement has been signed, both countries are looking to authorise the first transfers in 2026 to then execute them before 2030.

👏 Huge shout-out to everyone involved on the government side at the Office fédéral de l'environnement OFEV and the Klima- og miljødepartementet.

💪 And then all the parties who are part of this pilot: Swiss International Air Lines, Swiss Re, UBS, and Zürcher Kantonalbank (in collaboration with ClimeFi); SIX (with Carbonfuture), the City of Zurich and IWB Industrielle Werke Basel (with Climeworks); as well as neustark.

📜 You can find the full agreement here (alongside the many other agreements already struck by Switzerland): https://lnkd.in/euNakF9C

😍 Hopefully this is the first of many such agreements. Article 6.2 could be a game changer for CDR, but only if done well, which is exactly what this pilot is trying to prove. Bravo.

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