1.The voluntary CO2 market (VCM) plays an initial role in the storage of carbon dioxide, but the VCM will ultimately remain too small. The mandatory and regulatory CO2 market, like the EU ETS, is indispensable to deliver the amount of removals necessary. IPCC definition of Carbon Dioxide Removal (CDR): ”Anthropogenic activities removing carbon dioxide (CO2)…
Category: CCUS
Tightening EU ETS leads to zero emissions before 2040
The tightened and expanded ETS CO2 trading system is part of the so-called ‘Fit for 55’ package and helps to achieve the total CO2 target of 55% reduction in 2030 (laid down in the European Climate Act). The new ETS is gratifying news: it leads to zero emissons already by 2039. With full implementation, the…
Countries should take cooling targets
Posted on May 18, 2022 I argue that in addition to emission reduction targets, which only take effect after years, countries should also make temperature reduction commitments and start cooling their countries and cities. For example greening of about 1/3 of the EU’s urban areas would reduce urban summer temperatures by 2.5–6°C! In its latest…
IPCC: “Net-Zero” approach helps meet temperature goal
Eventually all global emissions must be zero but we can win time with a “net” approach if we do a proper climate accounting. The report of Working Group III of the IPCC says “meeting the long-term temperature objective in the Paris Agreement implies a rapid turn to an accelerating decline of greenhouse gas emissions towards…
Six tips to make the climate summit to a success
The annual climate summit, after a year of Corona postponement, is happening in Glasgow as CoP26, the first two weeks of November. I will attend the CoP for Climate Neutral Group. And I give hereby my six tips for the summit summarized in a few words: you get more ambition with more flexibility. My tips…
Tackle emissions in international supply chains to meet strengthened CO2 targets
In the past year, a lot of attention has been paid to the role of international supply chains. This was because we noticed their vulnerability due to corona as important manufacturing parts could not be delivered, shareholders are forcing oil companies to reduce CO2 emissions in the upstream and downstream chain (‘scope-3’ emissions) and research…
CO2-opslag en -hergebruik: nieuwe kansen!
De aankondiging van kabinet Rutte III dat de industrie 18 Mton CO2 en de afvalsector 2 Mton CO2 moet opslaan, vindt de een onrealistisch en de ander onwenselijk. De vraag is wel wat daarvan in het komende Klimaatakkoord overblijft. Minister Wiebes van EZK zegt dat hij zijn voorstel best “voor een ander, nog briljanter, voorstel”…