The EU’s 2040 Climate Target: Credits and Credibility - with Lambert Schneider
Summary
Eve Tamme and Sebastian Manhart speak with Lambert Schneider about the EU's upcoming 2040 climate target and the role of carbon credits. The discussion critically compares the quality benchmarks of the Paris Agreement Crediting Mechanism (PACM) and the EU's domestic Carbon Removal Certification Framework (CRCF), highlighting concerns about CRCF's lower standards and the need for consistent, high-quality criteria for all credits used towards EU targets. Lambert also questions whether international credits are being used to genuinely raise ambition or merely to lower costs.Episode description
The EU is preparing to allow the use of international carbon credits towards its 2040 target, a major policy shift. At the same time, the EU is also establishing a domestic carbon crediting scheme: the CRCF.
But this raises some important questions:
▪️ What kinds of credits should be eligible?
▪️ How can the EU ensure integrity when engaging in international credits?
▪️ How do the PACM and the CRCF compare in terms of integrity?
To unpack what this all means in practice - from the design of the rules to which credit types could qualify - co-hosts Eve Tamme and Sebastian Manhart chat with the brilliant Lambert Schneider, Research Coordinator for International Climate Policy at Oeko-Institut, and a climate policy veteran.
- Eve Tamme: LinkedIn and Website
- Sebastian Manhart: LinkedIn and Website
- Lambert Schneider: LinkedIn and Oeko-Institut
- 2040 Climate Target Proposal
- The Council of the EU's negotiating mandate on the EU’s 2040 Climate Target
- EU’s 2035 NDC
- Revised methodologies under the EU Carbon Certification Removal Framework continue to lack integrity
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