EASY AS 1️⃣-2️⃣-3️⃣! The steps required to integrate CDR into ETS.

🤯 While I’m a strong advocate for integrating Carbon Dioxide Removal (hashtag#CDR) into Emissions Trading Systems (hashtag#ETS), the *HOW* is a critical and highly complex task.

🤓 That’s why I’m thankful when some clever people like Josh Burke FRSA and Felix Schenuit came up with potential strategies to do just that in their latest perspective article, "Conditional fungibility: sequencing permanent removals into emissions trading systems".

⚠️ One of the key challenges of integration the varying levels of CDR permanence across the CDR methods. What if non-permanent CDR replaces long-term emission reductions? Could this weaken the EU ETS, which has been instrumental in reducing carbon emissions?

🛡️ They argue that only CDR methods that are considered "permanent" should qualify for integration into ETS.

Here are their suggested policy steps needed to integrate CDR into compliance markets:

1️⃣ The establishment of credible certification through the implementation of robust MRV systems, e.g. hashtag#CRCF.

2️⃣ The introduction of liability measures to address potential releases of removed carbon.

3️⃣ Defining rules for the integration of CDR certificates into the market so that they can be traded with ETS allowances.

👀 Definitely worth reading the perspective article which lays it all out: https://lnkd.in/dbMspGfk

📚 Or those of you super keen to get into it, the longer form policy paper: https://lnkd.in/dndwk6su

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