21 | A European CDR Purchasing Programme

A European CDR Purchasing Programme for Permanent Carbon Removal?

Sounds too good to be true? Well, it may become a reality soon.

On May 21st, the European Commission held a dedicated workshop on “A Purchasing Programme for CRCF Permanent Carbon Removal Credits”.

As stated in its own excellent pre-read, Europe will need to fund CDR with up to €6 billion by 2030 to achieve its indicative target of 5 Mt/year.

But where should this money come from? How should a purchasing programme be designed? And should it fund specific CDR technologies or take a broad portfolio approach?

These are just some of the many fascinating questions that were tackled in the workshop. Tune in for thisCDR Policy Scoop (linkedin.com/company/cdr-policy-scoop), whereEve Tamme (linkedin.com/in/evetamme) andSebastian Manhart (linkedin.com/in/sebastianmanhart) will analyse everything that happened and discuss the most important takeaways for you.

Links:
• Eve Tamme: LinkedIn (linkedin.com/in/evetamme) and Website (evetamme.com)
• Sebastian Manhart: LinkedIn (linkedin.com/in/sebastianmanhart) and Website (sebastianmanhart.com)
• The workshop pre-read by Ecologic Institute (climate.ec.europa.eu/document/download/b54e5a2…)
• Workshop climate.ec.europa.eu/document/download/4991e75… and recording (webcast.ec.europa.eu/permanent-carbon-removal-…)
• Blog by Robert Höglund and Aidan Preston (milkywire.com/articles/europes-programme-for-p…)

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