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policy instrument
Integration of carbon removals into EU emissions trading system with 'clean-up certificates'
Jurisdiction countryEU
Instrument typeprocurement
Authoritygovernment
PathwaysDirect air capture, Enhanced rock weathering (agricultural)
Scopecarbon removal only
Statusproposed
DetailJoint proposal by PIK and KfW presented at COP29 (14 November 2024, Baku). Proposes integrating carbon removals into existing EU emissions trading system through 'clean-up certificates' to mobilise private capital. Companies would commit to having CO₂ removed from atmosphere at later date using high-quality processes (air filter systems, artificially accelerated weathering of rock) instead of purc
Monetary noteDiscussion paper proposes financing mechanism; climate damage per tonne CO₂ estimated at €1,000+; current EU ETS permit price approximately €65
Stated statusproposed
Pathway scopespecific
Pathway notenames 'high-quality processes (air filter systems, artificially accelerated weathering of rock)' as the removal methods for clean-up certificates
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