CO2 removal: KfW and PIK present financi • Table.Briefings

Chimney smoke backlit. Because emissions are falling too slowly, expensive measures to remove CO2 from the atmosphere could be necessary in the future.

As countries are not in a position to finance the removal of CO2 from the atmosphere to the extent required in the future, PIK and KfW are proposing a new financial institution at COP29. CO2 removal is to be integrated into the existing emissions trading system.

In order to finance the necessary future CO2 removals from the atmosphere, they could be integrated into existing emissions trading systems. A „yet-to-be-founded European institution“, a kind of central bank for CO2 certificates, would then ensure that trading works well. This is what the Potsdam Institute for Climate Impact Research (PIK) and KfW propose in a joint discussion paper.

CO2 removal: KfW and PIK present financial concept for discussion

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