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Recent reports have suggested the creation of a European Union (#EU) Removal Trading System (RTS): a dedicated compliance market for carbon dioxide removal (#CDR).
Despite the potential challenges, an RTS holds great promise for driving carbon removal efforts and advancing the EU's climate goals. The integration of the RTS with the existing Emissions Trading System in the EU could foster a dynamic and robust carbon removal market, facilitating efficient transactions and promoting competition.
If you are interested in this topic, check out my post on the options for integrating CDR into the EU’s existing Emissions Trading System here or my post on the feasibility of a European Carbon Central Bank here.
Read the report from the Ecologic Institute, Berlin, Germany here.
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