• The EU ETS must make removals work by

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    Remaining a strong climate tool

    1. The EU ETS must retain its current climate ambition and strongly incentivise decarbonisation –  including the purchase of removals 

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    Giving confidence to carbon removals investors

    2. It must be clear how the gap between costs and ETS price will be closed – ETS revenues must be earmarked to cover carbon removal purchases 

    3. Investors must have clarity on the volume of demand for carbon removals that the ETS will create each year 

    4. The voluntary market for permanent removals must be protected and strengthened – with recognition for companies who choose to invest in permanent removals today. 

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    Ramping-up removals now

    5. The European Commission and national governments need to start funding the purchase of significant  volumes of permanent removals now 

    6. The EU must set a legally-binding and ambitious 2040 target for permanent removal 

    7. Europe must unlock a portfolio of different carbon removal approaches via an acceleration of the CRCF certification framework and greater R&D funding 

Removing CO₂ must be an activity covered by key legislation