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policy instrument
EU ETS reform proposal – integration of permanent carbon dioxide removal (central purchasing mechanism)
Jurisdiction countryEU
Instrument typecompliance-inclusion
Authoritygovernment
Scopecarbon removal only
Statusproposed
DetailThe European Commission's proposal to reform the EU-ETS would for the first time make Carbon Dioxide Removal part of the EU emissions trading system. It would integrate and trade up to 250 million tonnes of permanent, domestic CDR in the EU-ETS between 2030 and 2040. At the start, only CRCF-certified DACCS and BioCCS projects would be admitted. Opening to further CDR methods remains possible in th
Monetary noteAdditional EU allowances (EUAs) are to be issued. Revenues from their auction would finance the Commission's central purchase of high-quality removals under a cost-optimised portfolio approach on a 'Payment upon Delivery' basis. No monetary amount is stated.
Stated statusproposed
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