Summary note on "Incentivising Carbon Dioxide Removal Technologies" brainstorm session
2 October 2019
Author(s): Andrei Marcu, Federico Cecchetti and Maria Antonia Reis Teixeira da Costa
There is a current lack of incentives for Carbon Dioxide Removal Technologies (CDRTs), with clear financial and/or regulatory frameworks missing in some cases. This is despite the vital need for developing these nascent CDRTs in order to remain within the 1.5-degree goal, as highlighted by multiple scenarios from the IPCC, European Commission and other key actors. This summary note, following the brainstorm session organised on September 24 focuses on the questions and issues surrounding the enabling regulatory and financial framework necessary for deploying these technologies at scale.