The Commission put forward its legislative proposal for a Certification Framework for Carbon Removals (CFCR) in November 2022. The Regulation has the two broad objectives to define quality criteria for carbon removal activities to ensure only high-quality removals are certified, and to define rules for the verification and certification of carbon removals, including rules for the functioning and recognition by the Commission of certification schemes. The main innovation in the Regulation is that it defines Certified Removal Units (CRUs) that can be used in national or corporate GHG inventories or exchanged through voluntary carbon markets.
In a previous post last September, I discussed the amendments to the Commission’s proposal being discussed by the Council and European Parliament at that time.… Read the rest