Carbon Gap’s Post

Last week represented a significant milestone for the European Green Deal, marking what several observers defined as a noticeable shift towards industrial policy and its practical implementation.     Among key developments:   ➡ The European Commission’s proposal for the EU's 2040 carbon emission reduction target, advocating for a 90% net greenhouse gas emissions reduction by 2040. ➡ The EC's Communication on Industrial Carbon Management, emphasising the importance of carbon removals to complement measures aimed at reducing carbon emissions. ➡ The Council of the EU and European Parliament’s interinstitutional agreement on the Net Zero Industry Act (NZIA), which sets a non-binding target to produce domestically 40% of the clean technologies used in Europe by 2030 ➡ The interinstitutional agreement on the Strategic Technologies for Europe Platform (STEP), which will not allocate new funding to clean tech but aims to better mobilise resources from existing funds.   🔎 Discover EERA’s full analysis: https://lnkd.in/eZA26_D3

🚀🌍 To truly unleash Carbon Capture and Storage, Member States must craft a robust regulatory framework. It is time for the European Commission to step up as a leading force and foster collaboration among Member States for such a framework. This is precisely why CCS Europe calls for the appointment of a dedicated CCS envoy within the Commission to drive CCS development forward in national capitals. The updated National Energy and Climate Plans (NECPS) are due on 30 June (this Sunday) and Member States need to make sure that they recognize the centrality of CCS technologies and set-out concrete strategies for the development of the whole CCS value chain. Michiel Engelaar, Director Project Finance - Sustainability at Deloitte, shared with us his thoughts on how the EU (and Member States) can assist the scale up of CCS. Watch the video below to find out more! #NoNetZeroWithoutCCS #MakeCCSHappen

Join us for our roundtable discussion on "European Synergies: Pioneering Carbon Management through New Infrastructure and Cooperation" on March 20th, 2024, from 3:00 PM to 5:30 PM, hosted at the Representation of the State of North Rhine-Westphalia to the European Union, Rue Montoyer 47, 1000 Brussels. At this roundtable, we will discuss the governance, institutional frameworks, and financial incentives essential for scaling Carbon Dioxide Removal (CDR) methods on the path climate-neutrality.   Our panel, including Chris Sherwood, Artur Runge-Metzger, Wijnand Stoefs, and representatives from the European Commission, moderated by Ralf Fücks of LibMod, will explore the challenges and opportunities in achieving a carbon-neutral future through sustainable carbon management and removal.   To develop paths for Europe's transition to sustainable carbon management register via the following link: https://lnkd.in/e7DbGY5A Background info: Our agenda, informed by the recent European Commission's and German Federal's Industrial Carbon Management Strategy and the Net Zero Industry Act, will delve into the pathways for enhancing carbon management & negative emissions infrastructure by 2030. The significance of carbon capture, use, and storage (CCUS), alongside removal methods, will be a focal point, especially in the context of regulatory clarity to foster sustainable innovation.   As we navigate the complexities of technological dependencies and market volatilities, the importance of robust regulatory frameworks cannot be overstated. These frameworks are essential to ensure that our efforts toward emissions reduction are not only effective but also equitable and sustainable.   We look forward to your participation and insightful discussion!  #CarbonManagement #CDR #EuropeanUnion 

Carbonfuture’s next webinar is right around the corner, and you’re not going to want to miss it! Join Carbonfuture’s Senior Policy Advisor Sebastian Manhart as he hosts CDR policy experts from the U.S. and Europe for a critical discussion: How Governments Can Ensure Trust and Transparency in Carbon Removal.     We’ll discuss the steps being taken in the United States and the European Union to build trust and transparency in the carbon removal market, cover current policy developments, and explore the role of independent digital monitoring, reporting and verification (#dMRV) in policymaking and planning.    Don’t miss insights from:   🎙️ Noah Deich, Deputy Assistant Secretary of Carbon Management, U.S. Department of Energy (DOE) 🎙️ Anu Khan, Founder and Executive Director, Carbon Removal Standards Initiative 🎙️ Fabien Ramos, Carbon Removals Lead, European Commission  🎙️ Rodica Avornic, Associate Policy Director, Carbon Gap    📅 Tuesday, Oct. 30 🕔 4 p.m. CET | 11 a.m. EST | 8 a.m. PST  🔗 Register now to submit your questions and secure your spot: https://lnkd.in/eSwRjMUW #carbonremoval #CDR #CDRPolicy #ClimatePolicy #MRV #ClimateAction #NetZero #Sustainability

📅Mark your calendars! The 2024 Buyer’s Guide to CDR Policy & Webinar launch next Tuesday, May 28!   2024 has already been an incredible year for carbon removal policy. Over the past few months, the EU has taken a huge step forward with finalization of the Carbon Removal Certification Framework, while the U.S. has significantly expanded pilot programs and legislative efforts across the country. 💡 While it’s an exciting time in CDR policy, it can also be a challenge for corporate sustainability leaders to keep track of what’s new, what’s changed, and what’s to come. 🚨 That’s why we’re bringing together top CDR policy experts from around the globe on Tuesday, May 28, at 4 p.m. CEST | 10 a.m. EST to talk through the latest in CDR policy, and to launch the newly updated 2024 Buyer’s Guide to CDR Policy. Join us for a brilliant panel that includes: Andrea Klaric, Policy Officer at European Commission, Directorate General for Climate Action (Low Carbon Solution Unit)  Giana Amador, Executive Director, Carbon Removal Alliance  Stefan Schlosser, Managing Director, Deutscher Verband für negative Emissionen e.V. (DVNE)  Ken Branson, Senior Policy Advisor for Climate, Energy, and Environment, California State Senate ➡️Sign up now at https://lnkd.in/euq7P4YM 🔥Those who register for the webinar (even if you can’t attend!) will receive early access to the 2024 Buyer’s Guide to CDR Policy. Authored by Carbonfuture’s Sebastian Manhart, the 2024 edition of this critical guide will cover what you need to know about the major CDR policy initiatives that will shape the market, the lessons coming out of CDR incubators like Germany, Denmark & California and much more. Be sure to join us on Tuesday, May 28 for a discussion you won’t want to miss! #cdrpolicy #sustainability #netzero #carbonremoval

We are proud to join forces with over 100 businesses and investors in urging the EU to set a bold emissions reduction target of at least 90% by 2040. Such ambition is pivotal for both providing investment clarity for the rollout of the most efficient emission reduction technologies, and addressing the EU’s triple challenge of decarbonisation, competitiveness and security of supply. 🌍 #Decarbonisation #EUClimateAction Read more about the joint letter coordinated by Corporate Leaders Groups 👇

Competitiveness and high climate ambition are not contradictory objectives but quite the opposite. Happy to be part of this important joint business and investor community initiative! #Decarbonisation #EUClimateAction #investments

We are proud to join forces with over 100 businesses and investors in urging the EU to set a bold emissions reduction target of at least 90% by 2040. Such ambition is pivotal for both providing investment clarity for the rollout of the most efficient emission reduction technologies, and addressing the EU’s triple challenge of decarbonisation, competitiveness and security of supply. 🌍 #Decarbonisation #EUClimateAction

The EU is Taking Significant Steps To Formalize Rules Regarding Carbon Removal Happy to see the European Council and European Parliament reach a provisional agreement to create the first-of-its-kind certification framework for #CDR technologies. This development shows the EU folding CDR into its plan to reach #netzero #GHGemissions by 2050. The new voluntary certification process is meant to help sift out lower-quality projects and increase confidence among corporations purchasing high-quality carbon removal credits. The framework “shows the European Union’s commitment to ‘getting carbon removals right,’” says Christoph Beuttler, chief climate policy officer at Climeworks The potential market for #carbonremoval credits continues to grow as more countries and companies pledge to reach #netzero emissions. Flowcarbon is working to help scale such projects through innovative #carbonfinance products. Learn more about our work at https://hubs.li/Q02mpLYl0. https://hubs.li/Q02mpLYm0 #vcm #voluntarycarbonmarkets #climate #sustainability #climatetech #climatefinance #sustainablebusiness #carboncredits

Newly re-elected President of the European Commission, Ursula von der Leyen, announces a #CleanIndustrialDeal to be presented within 100 days of her new mandate. The Zero Emissions Platform’s Secretary General, Eadbhard Pernot, welcomes this announcement. He said: “As the Commission has recognised, deploying industrial carbon management is essential for realising European climate neutrality under the European Green Deal. We look forward to the Clean Industrial Deal to equally recognise the importance of industrial carbon management for clean industrial competitiveness in Europe.” The Political Guidelines published today present the President’s vision for her mandate, with extremely promising developments for the deployment of clean-tech and low-carbon technologies like #CCS and #CCU. This includes: ✅A reaffirmation of the #EUGreenDeal agenda and targets ✅A Clean Industrial Deal to be put forward within the first 100 days of the mandate ✅An Industrial Decarbonisation Accelerator Act to support, especially, energy intensive industries and companies ✅A reinforced Energy Union with scaled-up investment in clean energy infrastructure and technologies (including storage capacity and transport of CO2)