Edenhofer, O., Kilimann, C., Leisinger, C., Fuss, S., Kalkuhl, M., Pahle, M., Köhler-Geib, F., Börner, M., Kohn, K., Levinger, H., Römer, D.
Let it sink in: New governance and finance structures are needed to scale up carbon dioxide removals
in Discussion paper by PIK and KfW Research, 14.11.2024
Arbeitspapiere , Directorate , Sustainable Resource Management and Global Change , Economic Growth and Human Development
In light of the COP29 thematic backdrop, this article outlines five priority fields of action: (1) Adapt carbon markets to support net-negative emissions, (2) Expand market coverage to include more countries, (3) Support innovation and investment in CDR technologies, (4) Establish a CDR buyers' club to ensure demand, and (5) Operationalise Article 6 of the Paris Agreement to enable the international transfer of carbon credits, while ensuring robust environmental and social safeguards.