What is CRCF and why is it in the news?
Carbon removals have long been considered a critical part of our global climate mitigation strategy. However, the carbon removal market is fragmented and different project types display different maturities - the nature based solutions market is much more entrenched than the market for engineered solutions.
The EU Carbon Removal Certification Framework (CRCF) provides a standardised methodology for assessing carbon removals, and ensuring quality. This helps provide investors with confidence, and also paves the way for removals certified under the CRCF to be utilised in emission trading schemes such as the EU ETS.