The European Commission proposed new rules.
Under the Commission’s, carbon removal projects would apply for a “certificate of compliance” from a third party. The proposal lays out criteria for how to independently verify that a project is actually taking CO2 out of the atmosphere and storing it somewhere safe where it can no longer heat up the planet. Criteria for certification include ensuring that the captured CO2 can be accurately measured, for example, and stored for the long term.
The framework still needs to be fully fleshed out. As it is, “it’s very vague, it’s very non-committal, we are lacking a lot of very crucial wording,” Wijnand Stoefs, policy officer at the NGO Carbon Market Watch,One of the biggest concerns with the proposed framework is whether it will verify projects that don’tstore carbon dioxide. CO2 can persist in the atmosphere for hundreds of years, causing climate change.
For instance, many companies have turned to carbon offset projects that promise to harness the ability of forests to take in CO2 and hold that in trees and soil. But those forestry projects are vulnerable to forest fires and logging. And when a company says it’s going to
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