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policy instrument · 2031
EU ETS Carbon Removals Mechanism (COM(2026) 616)
Jurisdiction countryEU
Instrument typeprocurement
Authoritygovernment
PathwaysDirect air capture, Bioenergy with carbon capture and storage
Scopecarbon removal only
Statusproposed
DetailEuropean Commission proposal to add 250mn (potentially 260mn) allowances to EU ETS over 2031-40, with proceeds auctioned and set aside as 'external assigned revenue' for purchase of domestic CDRs from DACCS or BECCS projects certified by EU Carbon Removals and Carbon Farming (CRCF) framework. EC acts as sole market buyer. Biochar projects excluded. Procurement via competitive tendering or reverse
Monetary note€50bn stimulus estimated; 250mn allowances over 2031-40 period; budgets range €29-43bn (PRIMES model) or €46-65bn (POTEnCIA model)
Stated statusproposed
Pathway scopespecific
Pathway notepurchases limited to CRCF-certified DACCS or BECCS projects, with biochar explicitly excluded
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