Read the full story at ESG Today.
Lawmakers in the European Parliament voted 448-65 to set up a certification system for the quantification, monitoring and verification of carbon removals, aimed at increasing their use, while building trust with high quality carbon removals, and countering greenwashing.
The vote establishes Parliament’s negotiating position with the EU Council on the European Commission’s proposal for a certification framework. Launched late last year, the proposal formed part of the European Green Deal, the EU’s strategy to achieve climate neutrality by 2050. While the strategy relies primarily on absolute greenhouse gas (GHG) emissions reductions, emissions that cannot be eliminated will need to be balanced out with carbon removals.
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