š Europeās largest economy is kicking into gear! On Tuesday, Minister of Economic AffairsĀ Robert HabeckĀ presented the key points (āEckpunkteā) of Germanyās long-term CDR strategy (āāLangzeitstrategy Negativemissionenā) -Ā #LNe.
š The announcement is a delight to read. It is ambitious, grounded in science, and mentions all the right things in all the right ways. It bodes very well for the future of Germany and CDR in Europe.
Five key pillars of the strategy:
1ļøā£ CDR Targets: the LNe will deliver dedicated technological removal targets for 2035, 2040, and 2045, as well as an indicative target for 2060. LULUCF already has targets: 2030 = 25Mt, 2040 = 35Mt, 2045 = 40Mt.
2ļøā£ Assessment of available technologies: the LNe is technology open by design. It will assess effectiveness (permanence, reversability), efficiency (costs), and sustainability (co-benefits).
3ļøā£ Legal frameworks: the LNe will provide a coherent legislative framework for all CDR. It aims to Identify key hurdles for each approach. Monitoring, Reporting, and Verification (MRV) will be central to ensuring robust certification.
4ļøā£ Financial incentives and markets: the LNe recognizes that CDR will need financial support to scale. It will explore various options, including compliance market (EU ETS) as well as national policies to fund this scale-up to create a market for CDR.
5ļøā£ Research and development: the LNe will be building on work ofĀ CDRterraĀ andĀ CDRmare, including launching pilot projects with legislative sandboxes, e.g. to progress ocean CDR.
š± It is important to note that this is very early on in the process. The announcement provides the direction of travel. It will be now the task of theĀ Federal Ministry for Economic Affairs and Climate ActionĀ (BMWK) to turn this into a proposal. To do so, it aims to organise stakeholder workshops focused on specific elements of the strategy.
šŖ Personally, I am so excited about this. Last year, I founded theĀ Deutscher Verband fĆ¼r negative Emissionen e.V. (DVNE), recognising the huge potential ofĀ #GermanyĀ and anticipating key legislative developments such as the LNe. Nine months later, the DVNE is up and running, perfectly suited to support the BMWK in the development of this foundational legislation to turn Germany into a global leader for CDR.
ā What is your take? Do you share my excitement?
See here for the full 19 page announcement:Ā https://www.bmwk.de/Redaktion/DE/Downloads/E/240226-eckpunkte-negativemissionen.pdf?__blob=publicationFile&v=4
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