Insight
Beyond compliance: Understanding the implications of the EU's Carbon Removal Certification Framework
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The European Union has agreed on a Carbon Removal Certification Framework (CRCF), aiming to create a scalable market for carbon removals. The agreement clarifies eligibility criteria for the scheme, and the EU is seen as a potential leader in the emerging market. This Insight focuses on the challenges and opportunities this framework represents for the future of carbon removals.
Table of contents
- Executive summary
- What is the CRCF, and why is the EU developing it?
- What was agreed in February?
- What is covered in the agreement?
- Which methodologies will be developed?
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How does the CRCF relate to Carbon Capture Utilisation and Storage?
- The relevance of CCUS
- The current EU industrial removals pipeline
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How does the CRCF fit in with wider EU targets and policies?
- Links with other directives and strategies
- The EU’s NDC and position on international compliance schemes
- CRCF demand outlook and impact on the voluntary carbon market
- Three potential issues with the framework
- Roadmap for next steps
Tables and charts
This report includes the following images and tables:
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CRCF development timeline to dateThe QUALITY frameworkIndustrial removals projects in EU member statesNext steps for the CRCFEmissions removal and reduction
What's included
This report contains:
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