The UN IPCC highlights the need to develop negative emission technologies and deliver carbon removal from the atmosphere at scale to reach the target of the Paris Agreement and limit global warming to 1.5°C. This ambition is also underlined in the EU long-term climate strategy for 2050 and the recently agreed Climate Law which includes the EU’s commitment to achieving net-negative emissions post-2050.
Currently the European Union and several Member States are engaging in funding schemes to support the deployment of solutions that can provide negative emissions. At the same time, a growing interest in turning towards carbon removals in the ever-evolving voluntary carbon markets can provide revenues overtime for projects delivering negative emissions. There is an increasing number of private companies committing to net-zero emissions by 2050, some of which have already expressed a desire to acquire CO2 removal credits through BECCS as a complementary measure to their ongoing efforts to reduce emissions.
Join us for a high-level debate on the need for negative emissions to reach the EUs decarbonization goals and on the potential and challenges of a future EU market for negative emissions.