⌛ Like many of you, I believe that integration of CDR into emission trading systems (ETS) is the ultimate way we will scale CDR to climate relevance. Unfortunately, this will take a while in the biggest ETS such as the hashtag#EU (2031+) and the hashtag#UK (2028+).
😱 hashtag#Japan is the clear exception, looking to integrate CDR into its GX ETS as early as 2026. With its 2050 net-zero target and estimates of 50-240Mt of CDR needed, Japan could quickly become a CDR powerhouse.
🔎 A recent post I shared on this went viral, yet it lacked details (see comments). In a groundbreaking analysis, Tank Chen and CDR.fyi are now diving deep into the details and offering a unique glimpse into what exactly the Japanese government is planning.
👀 In this piece you will find out:
◾Which CDR methods are eligible
◾What quality criteria will be used
◾How projects outside of Japan can participate
◾What role Japan’s nationally determined contributions (hashtag#NDCs) play in this
◾How Japan is planning to leverage CDR to build industrial competitive advantage
📊 Finally, with the help of Anna Pasini, they aggregated all 700+ companies part of the GX ETS into an open database!
👉 Here is the blog post: https://lnkd.in/dagqU9SX
👏 Thank you Tank Chen for this incredible effort which sheds light on a topic I, like many, have been following closely and struggled to get these kind of details.
Comments