Can emissions trading promote carbon removals?

Removing greenhouse gas emissions from the atmosphere is essential to maintaining the temperature increase below 2 degrees above the pre-industrial levels. However, a policy gap exists in incentivising investment in carbon removal technologies. Since emissions trading systems are considered a cost-effective solution to drive technological change, can emissions trading promote carbon removals?? How can carbon removals fit into a climate policy mix that targets net zero emissions?

These and other questions will be addressed during the panel discussion “Can emission trading systems be employed to promote carbon removals?” on Tuesday 12 November from 09:30 to 11:00 AZT at the Italian Pavilion of the 29th Conference of the Parties (COP29) in Baku, Azerbaijan.

Chair and Introduction:

• Simone Borghesi,  FSR Climate, EAERE & University of Siena

Panel Discussion:

• Robert Jeszke, KOBIZE
• Luca Taschini, University of Edinburgh
• Stephanie La Hoz Theuer, ICAP
• Lorna Ritchie, ICVCM

Concluding Remarks:

• Ottmar Edenhofer, PIK & MCC

The event is organised by the EUI with the support of ICAP and is held in the framework of the project LIFE COASE.

Dive deeper into the topic:

• Read the event highlights from the latest LIFE COASE policy dialogue.
• ICAP report “Emissions Trading Systems and Net Zero: Trading Removals“, May 2021