A European CDR Purchasing Programme for Permanent Carbon Removal?

Sounds too good to be true? Well, it may become a reality soon.

On May 21st, the European Commission held a dedicated workshop on “A Purchasing Programme for CRCF Permanent Carbon Removal Credits”.

As stated in its own excellent pre-read, Europe will need to fund CDR with up to €6 billion by 2030 to achieve its indicative target of 5 Mt/year.

But where should this money come from? How should a purchasing programme be designed? And should it fund specific CDR technologies or take a broad portfolio approach?

These are just some of the many fascinating questions that were tackled in the workshop. Tune in for this CDR Policy Scoop, where Eve Tamme and Sebastian Manhart will analyse everything that happened and discuss the most important takeaways for you.

Links:

• Eve Tamme: LinkedIn and Website
• Sebastian Manhart: LinkedIn and Website
• The workshop pre-read by Ecologic Institute
• Workshop presentation and recording
• Blog by Robert Höglund and Aidan Preston

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Many projects want to blend public funding with revenue from voluntary carbon markets as carbon removal scales up.

Meanwhile, governments have different approaches to it. And sceptics keep questioning whether it makes sense in the first place - what about additionality, corresponding adjustments, and real climate impact?

We’re excited to welcome Erik Rylander, the Head of CDR at Stockholm Exergi, to share his immense experience in innovative funding for their successful BECCS project. We will dig into the real-world lessons from Stockholm Exergi’s journey and explore what policymakers and project developers need to know to make this approach work.

Erik joins CDR Policy Scoop co-hosts Eve Tamme and Sebastian Manhart for an insightful and frank conversation on this controversial topic.

Links:

• Eve Tamme: LinkedIn and Website
• Sebastian Manhart: LinkedIn and Website
• Erik Rylander: LinkedIn
• Beccs Stockholm
• CDR Accounting: Transparently structuring corporate claims to reconcile with national goals
• When do sales of carbon removal credits benefit climate?
• Financing Engineered Carbon Removal — Combining Public Funding with Voluntary Carbon Markets

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Against all odds, the Liberal Party just won the Canadian general elections. Mark Carney’s party explicitly campaigned to turn Canada into a global leader in carbon dioxide removal.

Canada plans to do so by - among other things - extending its investment tax credit to 2035, supporting a broad range of CDR tech, and introducing dedicated CDR targets for 2035 and 2040.

This all sounds incredibly promising. But will Canada be able to realise this ambition?

No better person to answer this question than Na'im Merchant, Executive Director of Carbon Removal Canada, an organisation that has been instrumental in raising the profile of CDR in Canada over the last two years.

Na’im joins co-hosts Sebastian Manhart and Eve Tamme for a fast-paced, 30-minute session that gets right to the heart of the debate.

Links:

• Eve Tamme: LinkedIn and Website
• Sebastian Manhart: LinkedIn and Website
• Na’im Merchant: LinkedIn
• Canada: a safe haven for carbon removal innovation in an uncertain world
• Carbon Removal Canada
• Carbon Curve
• From ministers to mandate letters — Prime Minister Mark Carney’s first 100 days in office matters to carbon removal

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