|Author (Corporate)||European Commission: DG Climate Action|
|Series Details||COM (2022) 672|
|Content Type||Blog & Commentary, News, Policy-making|
Legislative initiative tabled by the European Commission on 30 November 2022, setting a voluntary Carbon Removals Certification Framework (CRCF).
The European Climate Law provides for the European Union (EU) to become climate neutral by 2050. This requires that greenhouse gas (GHG) emissions are significantly reduced, and that the unavoidable emissions and removals should be balanced within the EU at the latest by 2050, with the aim to achieve negative emissions thereafter. To achieve this objective, both natural ecosystems and industrial activities should contribute to removing several hundred million tonnes of CO2 per year from the atmosphere. Under existing policies, the EU is not on track to deliver these quantities.
In March 2020, the European Commission announced in its Circular Economy Action Plan that it would seek to develop an effective certification framework for the certification of carbon dioxide removals (also known as carbon farming) to incentivise the uptake of carbon removal and to increase circularity of carbon, in full respect of the biodiversity and the zero-pollution objectives. The draft law was eventually adopted by the Commission on 30 November 2022 as part of a Circular Economy Package. Its main objectives are:
The initiative aims to support the achievement of the 2050 climate neutrality objective set in the European Climate Law, as well as the other environmental objectives of the European Green Deal. It also builds on the Commission's Communication on Sustainable Carbon Cycles.
|Subject Tags||Atmospheric | Air Pollution, Climate Change, Sustainable Development|
|Keywords||Circular Economy, Greenhouse Gas | GHG Emissions
|International Organisations||European Union [EU]|