Publication

The Carbon Credits Conundrum: Why governments need to regulate voluntary markets

This briefing lays out the current political context of CDR, particularly related to its inclusion in voluntary carbon markets and the upcoming Carbon Removal Certification Mechanism.

This briefing lays out the current political context of CDR, particularly related to its inclusion in voluntary carbon markets and the upcoming Carbon Removal Certification Mechanism. It also points to the potential risks of introducing removal credits into voluntary markets and treating them all as interchangeable. Finally, the briefing outlines ‘no-regret’ steps that can be taken to ensure the sound governance of CDR in the EU,

 

>> Access the Report here <<

 

 

 

GRAPH 2022

Figure 1. Historical greenhouse gas emissions (data from EEA) and the linear emission trajectory needed for EU Climate Law ambitions

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Figure 2. The three sequential roles of carbon dioxide removal in mitigating catastrophic climate change (Stylized rendering; adapted from IPCC 2022)

TABLE 2022

 

 

 

 

 

 

 

 

 

 

 

Table 1. Emission reductions, avoidance, and removals are each distinct but vital parts of mitigating climate change

 

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The status and future projections of LNG production and use in the Russian Arctic 

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquefied natural gas (LNG) in the Arctic – a region with 75% of the country's proven gas reserves – to raise its share in the international gas trade.