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EU proposes €50B ETS carbon removal compliance market
The EU plans a €50 billion Emissions Trading System market for carbon removal, initially excluding lower-tech options like biochar. Future reviews may consider these technologies.
The European Union has proposed a €50 billion Emissions Trading System (ETS) compliance market focused on carbon removal. The initial rollout excludes lower-tech options such as biochar, with a review planned for potential future inclusion. The proposal allows for up to 260 international offsets, aiming to balance compliance with global carbon reduction efforts.
Source: Biochar Feed