Complementarity of Climate Incentive Schemes for Emission Reductions and Carbon Removals

From the IPCC report, it becomes clear that reducing emissions is not enough. We also need to remove Carbon from the atmosphere. There are a range of schemes that provide incentives for both the reduction and removal of Carbon. One of the main enablers of such schemes is certification of carbon removals and reductions, which – when based on robust monitoring practices - provides clarity to both sellers and buyers that carbon removals and reductions have - or will - take place.  We would like to share the brief for Deliverable 2.5 which further explores climate incentive schemes for emission reductions and carbon removals.

The brief gives an elaborate answer to why it is vital to certify carbon removal and reductions and what are current incentives for nature-based carbon removals/reductions. 

To learn more about Climate incentive schemes for reductions and removals in the Netherlands presented in the figure to the right, access the brief here.

Within EU countries such as the Netherlands, governance of the complementarity of climate incentive schemes would require the involvement of different ministries (linked to the relevant incentive schemes), and a broad range of market actors from the agriculture, forestry, (bio-based, circular) industry, energy, and transport sectors.

The figure to the left presents the scope and basic GHG accounting rules for climate incentive schemes in the Netherlands. To learn more about it you can read the full briefing.

This brief is based on LANDMARC Deliverable D2.5, “Guidance Report for the Potential Role of Carbon Offsetting Schemes and the Paris Agreement”. For more information about the Report feel free to contact us via landmarchorizon2020@gmail.com