CUR8 is a market maker for carbon removals, acting on the science that tells us we need billions of tonnes of removals to stay below 1.5 degrees. While the final commitments that emerged from COP28 left much to be desired, it was hugely encouraging to see carbon removals take a much more visible role in the discussions, both inside the official negotiating rooms and outside them too. We worked alongside our sister NGO Rethinking Removals and a coalition of other NGOs to bring up vital issues such as enabling policies, access to finance, risk management and collaboration between the Global North and Global South. In 2024 we’ll work hard to translate these discussions into action.

This week, the passing of the Carbon Removal Certification Framework (CRCF) within European Parliament represented a landmark moment for the carbon removals sector. It is the clearest signal of intent yet in Europe to promote high quality carbon removal as an essential climate mitigation strategy to meet net zero targets by 2050 (as well as those expected to be set by the EU next year to 2040).