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policy instrument
EU ETS review proposal: integration of permanent carbon dioxide removals
Jurisdiction countryEU
Instrument typeprocurement
Authoritygovernment
PathwaysDirect air capture, Bioenergy with carbon capture and storage
Scopecarbon removal only
Statusproposed
DetailThe EU ETS review proposal sets out a potential pathway for integrating permanent CDR into the EU ETS. Between 2031 and 2040 the Commission would auction up to 250 million additional allowances and use the revenue to procure an equivalent volume of CRCF-certified domestic permanent removals, initially limited to DACCS and BioCCS. A further 10 million allowances would be held in reserve if proceeds
Monetary noteFunded by auctioning up to 250 million additional EU ETS allowances, with a further 10 million allowances held in reserve if proceeds fall short; no monetary amount stated.
Stated statusproposed
Stated jurisdictionEuropean Union
Pathway scopespecific
Pathway noteprocures CRCF-certified permanent removals "initially limited to DACCS and BioCCS"
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