NEWS

Germany’s Long-term Negative Emissions Strategy

29/02/2024

Germany has published information this week about its long-term strategy on negative emissions, which is expected to be passed by the end of this year. The strategy contemplates the inclusion of negative emissions through the EU Emissions Trading System (ETS) or the allocation of state funding. It will establish the required volume of negative emissions for the years 2035, 2040, and 2045.

The strategy will also underline Germany’s goal to contribute to the global climate with net negative emissions in 2050. The strategy proposes the certification of negative emissions and outlines plans for further engagement in the EU process to develop a certification system for carbon removals. Furthermore, the strategy will examine how both permanent and temporary removals of CO2 can function within an efficient mechanism.

The German Minister for Economy and Climate stated that in order to meet Germany’s goals, negative emissions are a must. He recently introduced a preliminary version of legislation concerning a carbon management strategy and an updated carbon storage law to facilitate the implementation of carbon capture and storage or utilization.