EU may set CO2 removal targets for member states

Spanish Market: Emissions
10/09/26

The European Commission may propose country-specific targets for emissions cuts from carbon removals in an energy package expected "by the end of the year", according to Christian Holzleitner, head of the commission's land economy and carbon removals unit.

Holzleitner was speaking during the EU's carbon removal and carbon farming (CRCF) buyers' club webinar on Thursday. The club plans to launch a request for proposals in the first quarter of 2027, a working partner with the commission on the club said during the webinar.

The targets would give national authorities clear direction to boost funding for domestic and permanent carbon removal projects certified under EU CRCF regulation. The plan also envisages linking carbon farming activities with existing public funding, such as that reserved for agricultural support, Holzleitner said.

The commission will open a €50bn funding call under the European Innovation Council (EIC) accelerator challenge later this year for early-stage CO2 removal projects that follow CRCF-certified methodologies and other methodologies that may be adopted in the future, Holzleitner said. This will be the first EIC call dedicated exclusively to CO2 removals, aimed at bolstering projects run by start-ups and medium-sized companies. The commission will also open five innovation fund calls that may apply to carbon removal projects around the same time, Holzleitner added.

Such projects may be eligible to issue credits through the CRCF buyers' club, which aims to issue a request for proposals for eligible initiatives in the first quarter of 2027, timed alongside the funding calls, according to Danny Broberg, Stripe Climate's climate and carbon removal policy lead, who was speaking during the webinar. The buyers' club aims to announce credit purchases from 2-5 projects by the end of the year, Broberg added.

By Kiara Campagne Nieva

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10/09/26

August was joint-hottest month on record: EU Copernicus

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Switzerland outlines administration net zero path

09/09/26

Switzerland outlines administration net zero path

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Final 2026 nEZ auction heavily oversubscribed

09/09/26

Final 2026 nEZ auction heavily oversubscribed

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Philippines aims to reduce GHG emissions by 75pc

09/09/26

Philippines aims to reduce GHG emissions by 75pc

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New Zealand Labour party pledges NZ ETS overhaul

09/09/26

New Zealand Labour party pledges NZ ETS overhaul

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