Conference Agenda

Reaching the goals of the Paris Agreement will require, alongside steep emissions reductions, a significant amount of carbon dioxide removals (CDR) by 2050 to tackle residual emissions from hard-to-abate sectors. Although technologically achievable, the world is not yet on track to scale up these technologies fast enough. Last year, COP29 adopted new UN standards for the sector as well as refinements to Article 6, and the EU adopted a Certification Framework for CDR activities. Many actors are looking toward international carbon markets to drive the provision of CDR, as well as to direct much-needed climate finance to developing countries. However, demand for CDR credits remains uncertain and heterogeneous, as potential measures range from technical to nature-based solutions and entail diferent social, environmental, and economic impacts. How can carbon markets realize their promise as a vital tool for incentivizing negative emissions, achieving climate goals cost efectively, and supporting vulnerable communities?