EU must clarify CO₂ removal rules
Carbon removals proposal must prioritise emissions cuts and differentiate between short-term and long-term storage, according to NGOs
EU regulations to certify carbon removals from the atmosphere are vaguely worded and leave space for overshooting climate targets, according to a letter signed by 12 NGOs. Under the latest draft of the Carbon Removals Certification Framework (CRCF), the European Commission proposes that carbon removals could be certified and traded as credits in carbon offset markets—both from carbon capture and storage and afforestation projects. The Commission is also aiming to create a regime to certify direct air carbon capture and storage and bioenergy carbon capture and storage as carbon-removal technologies. “These technologies are not currently viable at scale and have potentially enormous social, en
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells