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EUBCE 2024 - Capturing the future: what lies ahead for biobased carbon removals

Capturing the future: what lies ahead for biobased carbon removals

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Session Description

This plenary session explains the potential of biomass-based negative emissions technologies providing with an overview on the first EU-wide voluntary framework to reliably certify high-quality carbon removals (CRCF) and the importance of creating a supportive and predictable policy framework that investors and consumers can trust. The session will present possible pathways to achieve a carbon market that is consistent, standardised, and transparent, ensuring that all available solutions receive equal support to become successful market actors. Specifically, the potential of three different CDR methodologies will be explored: Bioenergy with Carbon Capture and Storage (BECCS), Biochar Carbon Removal (BCR) and biogenic CO2 capture in demolished concrete aggregate. The session will showcase these carbon removal projects from a technological perspective, while addressing public perception and possible knowledge gaps. Also, the plenary will explore whether the EU should consider carbon removal credits in the long run for the next phase of the EU ETS (Emission Trading System), but most importantly it will investigate economic models and financial mechanisms to drive investment in CDR projects.

Chair

Moderator portrait

Ennio PRIZZI

Bioenergy Europe, BELGIUM

Presenters

Presenter portrait

Johan BÖRJE

Stockholm Exergi, BECCS Development - Head of Voluntary Carbon Markets, SWEDEN

Session reference: CP.2.1

Head of CDR Market Development