The EU Council formally adopted the European Climate Law amendment on March 5, after the plenary adoption by the European Parliament last Month. It legalises the interim 2040 -90% climate target, leading to net climate neutrality in 2050. This includes linking permanent European carbon removals (CRCF) to compensate for residual hard-to-abate emissions under the EU…
Category: climate neutral
Insetting: make climate impact in your supply chain and help meet national targets
A new climate strategy is gaining ground among companies to achieve their climate goals: insetting. This means financing the reduction of CO₂e emissions or increase carbon removals within a company’s own value chain (scope-3). This strategy can help identify additional potential reductions. It can replace financing external reductions in carbon projects that compensate residual emissions…
The Swedish Blueprint: CO2 Deals That Deliver on Climate Goals
At the recent Climate Summit in Baku, November 2024, world leaders took a bold step toward tackling the climate crisis. The summit gave the official green light for the use of carbon markets under Article 6 of the Paris Agreement, a mechanism designed to help nations meet their climate commitments while mobilizing much-needed climate finance…
While EU prepares Carbon Removal Credits, Green Claim rules threat to block Companies from investing in them
EU Carbon Removal CertificationEnd of October, the EU Council and the EU Parliament adopted their positions on the European Carbon Removal Certificates Framework (CRCF). Trilogue negotiations will now begin. In my view the carbon removals should eventually be accepted under the EU Emissions Trading System and help the meet the negative emission target after 2040…
European emissions system determines meeting agreed CO2 targets, fossil subsidies secondary
Abstract Many pleas for abolishing fossil subsidies fail to recognize the existence of the European Emissions Trading System: that system ensures that we meet agreed CO2 targets even before 2040. Fossil fuel subsidies do nothing to change that, while abolishing them could even lead to more overall greenhouse emissions and harm the competitive position of…