Removals Enter the EU ETS: What Brussels Actually Proposes - with Mette Quinn

In this episode of The CDR Policy Scoop, Eve Tamme and Sebastian Manhart sit down with Mette Quinn, Deputy Director for Carbon Markets and Clean Mobility at the European Commission, days after Brussels published its proposal to fold carbon removals into the EU Emissions Trading System.

Quinn confirms the number the sector has been debating since Friday: a commitment to buy 250 million tons of permanent, domestically produced removals through BioCCS and direct air capture, funded by auctioning matching allowances plus a top up reserve, with a review clause for 2034 if the volumes do not materialize.

Eve and Sebastian press Quinn on the mechanics behind that figure, from the price gap between today's BioCCS costs and the EU allowance price, to whether national subsidies were built into the Commission's cost modeling, which Quinn confirms they were not. They also test the supply pipeline: Quinn's own estimate of close to 48 million tons by 2040 sits close to Eve's independent projection, though still short of the full 250 million target.

The conversation covers how the scheme will work for project developers, including the paid on delivery model Quinn says the Commission is exploring softening through prepayment and Innovation and Modernization Fund financing, and the proposal's heavy reliance on BioCCS while direct air capture remains less cost competitive. Quinn is candid that no other technology pathway is currently envisaged, though the Carbon Removal Certification Framework leaves room for that to change.

Quinn closes by drawing a sharp line between domestic removals, where funding is committed now with a 2034 review, and international credits, where a 2033 assessment will decide whether purchases continue at all, a distinction she ties to environmental integrity and the Commission's confidence in each pathway.

Links

• Eve Tamme: LinkedIn and Website
• Sebastian Manhart: LinkedIn and Website
• Mette Quinn: LinkedIn
• EU ETS revision proposal

Hosted on Acast. See acast.com/privacy for more information.