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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…
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