View original ↗on isometric.com
policy instrument
EU ETS Directive proposal (integration of carbon dioxide removal into the EU Emissions Trading System)
Jurisdiction countryEU
Instrument typecompliance-inclusion
Authoritygovernment
Scopecarbon removal only
Statusproposed
Detail"On July 17, the European Commission published its detailed proposal on how to integrate carbon dioxide removal (CDR) into the EU Emissions Trading System (ETS)." The year of the July 17 publication is not stated on the page. The proposal makes CDR "a climate solution equivalent to emissions reductions one-for-one" and has an objective of procuring 250 million tonnes of CDR, funded by the proposed
Monetary noteThe page states the proposal "proposes committing considerable resources (on the order of €50 billion) to scale the sector" and involves "the proposed sale of 260 million ETS allowances"; Isometric estimates a funding gap of €2 billion per year on average between 2031 and 2040 (€1.3 billion per year if a tech-neutral approach is taken).
Stated statusproposed
Stated jurisdictionEuropean Union
Pathway scopeall-cdr
Pathway noteproposal integrates CDR generally, one-for-one with emissions reductions, without singling out a pathway in adopted scope
Follow this policy, see every policy in the database, or ask about it.
A free account searches the whole database and saves records. Pro adds Ask, a watch list, totals, exports and the plugin for Claude and ChatGPT. New accounts get 14 days of Pro, no card needed.