New policy brief on the financial challenge to bring BECCS credits to voluntary carbon markets

In a new policy brief, SFL-affiliated researchers Kenneth Möllersten and Lars Zetterberg at IVL Swedish Environmental Research Institute present the financial challenge to scale bioenergy with carbon capture and storage (BECCS), including by selling credits to voluntary carbon markets. The policy brief is commented upon by Tomas Thyblad, Vice President and Head of ESG Solutions, European markets at Nasdaq.

The magnitude of the required future removal of CO2 in the atmosphere represents a significant scaling challenge if we are going to have a chance to limit global warming to 1.5°C. A portion of the carbon dioxide removal can be achieved through nature-based solutions, such as afforestation and various kinds of ecosystem restoration. Still, significant contributions from so-called technical carbon dioxide removal methods will also be required. BEECS – Bioenergy with capture and storage– is one of several techniques that can be used. This method extracts bioenergy from biomass and captures and stores the carbon, thereby removing it from the atmosphere.

The policy brief describes the Swedish context for BECCS deployment. The main part discusses different policy models to incentivize BECCS and takes a deep dive into opportunities and challenges related to supporting BECCS development by taking advantage of the potential leverage of Voluntary Carbon Markets (VCM).

Read the policy brief: Bringing BECCS credits to voluntary carbon markets_update with summary

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