CDR.fyi just published The EU ETS Proposal Explained.
CDR.fyi analyses the European Commission’s proposal to amend the EU Emissions Trading System under a new Article 9c. The plan would auction 250 million additional EU Allowances and use the revenue for central procurement of permanent removals, initially naming BioCCS and DACCS as eligible methods. Individual emitters would not be able to surrender removals in place of allowances; instead the Commission would run a public procurement programme within the ETS architecture. The piece stresses that the 250 Mt figure is a ceiling on demand, not a signed order, since adoption, eligibility rules, funding, contracting and delivery all remain open. It also highlights the principle that removals used against fossil emissions must offer like-for-like durability.
Our take (Useful): A clear-eyed explainer that resists the hype around the headline number. The most useful part is the funding math: if durable removal costs stay well above EUA prices, auction revenue alone will not cover 250 Mt, and the proposal itself anticipates additional public support. Watch the eligibility rules and the legislative process - both could reshape the programme substantially.
-> Read the full piece at CDR.fyi
Captain Drawdown is flagging this. The reporting is CDR.fyi’s. Go read them directly, not a rewrite from us.
Source: CDR.fyi Blog