Frans Timmermans, Vice President of the European Commission, is advocating for the implementation of certification plans to support the EU's target of achieving net zero emissions by 2050. Speaking at a virtual conference on sustainable carbon cycles, Timmermans emphasized the need for urgent action, highlighting the importance of practicality for individual farmers and the credibility of carbon accounting.
Timmermans suggests that the EU Emissions Trading System (ETS) could serve as a potential tool to facilitate and support industries and agriculture in their efforts to reduce emissions. However, certifying carbon removals presents challenges due to the requirement for accurate and reliable measurements of carbon absorption by sinks. Additionally, determining who should receive credit poses accounting complexities.
Addressing these complexities and establishing a robust certification framework for carbon removal is crucial to ensure transparency, accountability, and effective carbon reduction strategies. Timmermans' call for urgent action reflects the EU's commitment to combating climate change and achieving its ambitious net zero emissions target.