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🔥 This is one of the hottest CDR topics currently being debated in Brussels and beyond. And its impact goes way beyond BCR and the EU ETS.
🤔 Here is why: some groups are advocating forcefully that we should only allow CCS based CDR to be integrated into the ETS - so DACCS and BECCS. While they might hint to tech openness, the criteria they insist on implicitly create insurmountable hurdles for anything that is not DACCS/BECCS.
👎 The result: we would limit ourselves to two technologies, out of potentially dozens available to Europe to offset its residual emissions, closing the door (likely for years/decades) to all the other promising durable CDR approaches.
☠️ It could also set a precedent that could be replicated across other EU policies, again reinforcing the already existing DACCS/BECCS bias and killing the market for all other approaches we will need in their infancy.
💡 What should we do instead? Use the Carbon Removal and Carbon Farming (hashtag#CRCF) Regulation, or more precisely permanent removals certified under the CRCF, as the gatekeeper it is intended to be.
➡️ Whatever is deemed durable and high-quality enough to pass the bar of the CRCF permanent removals’ units should be seen as good enough to be used in other regulations, from EU ETS, to the EU Green Claims Directive, etc.
✅ And, well, biochar carbon removal - after years of deliberations with hundreds of experts - passed this bar.
💚 So, yes, BCR should be integrated into the EU ETS.
📆 If you enjoyed this, you will most definitely enjoy the CDR Policy Scoop I will have with Eve Tamme coming Monday 17th of February at 6pm CET here on LinkedIn live: https://lnkd.in/g_JjhPyz
🥊 I have a strong feeling that Eve does not agree with the above, so this should be an interesting one!
⁉️ What is your take? Let me/us know and we can build it into this very important debate.
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