Lawmakers in the European Parliament and Council have reached a provisional agreement on a new regulation establishing a certification framework for the quantification, monitoring, and verification of carbon removals. This agreement marks a significant step towards the launch of a comprehensive carbon removal and soil emission reduction framework in EU legislation. The agreed framework also differentiates between categories of carbon removal and emission reduction activities. This move is aimed at increasing the use of carbon removals, addressing greenwashing concerns, building trust, encouraging the development of carbon removal technologies, and creating income opportunities for industries and land managers deploying carbon removal solutions and engaging in innovative carbon farming practices.

Source: ESGToday