Joint letter – ICC reform and expansion risks diverting ETS Revenues from real climate action
In light of the European Commission’s ongoing considerations to amend the ETS State Aid Guidelines, revising the rules for Indirec...
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Publish date: May 6, 2021
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Under the revised European Climate Law, the EU has set an unambitious 2030 climate target. In a recent article, Mark Preston Aragonès, Policy Advisor at Bellona Europa, said despite this, the European Climate Law is a good start for a healthy debate on negative emissions.
Separating removals from reductions could buy time for the EU to develop carbon dioxide removal approaches and establish a robust governance framework to monitor and verify removal projects reliably.
Without this governance, the risk of delaying emission reductions would have been compounded by the lack of guarantees that any carbon we remove on paper is removed in reality.
Mark Preston Aragonès
Policy Advisor, Bellona Europa
Frances Wang
Senior Associate
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