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37 | How Far Can the EU’s Market-Shaping Purchasing Programme Go? - with Hugh McDonald
Achieving the EU’s aspirational 2030 target of 5 MtCO₂-e in permanent removals per year requires an €2.4–6.7 billion in investment. Fast forward to 2040, we’ll need to reach 75 Mt – or even as high as 280 Mt – according to Carbon Gap. The policy, funding, and market implications are enormous.
A well-designed EU purchasing programme can have a significant impact on making it happen.
Recently, the EU Commission released three (!) major reports charting the course for the forthcoming EU purchasing programme for permanent carbon removals. One of these reports provides an in-depth policy…
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