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YjSchreiber Jul 23, 2019 10:46 AM
Can a company use direct carbon capture technologies and thus reduce their emission balancethrough own offsetting projects? Since it does not reduce emissions directly, i was wondering if there are economic benefits for companies to invest into carbon negative technologies (e.g. CCS=carbon diox. capture & storage) and thus reduce their footprint?
Replies (4)
EEA Jul 29, 2019 09:38 AM
Thank you for contacting the European Environment Agency (EEA).

CCS is exactly designed to reduce emissions of CO2 directly. Companies can use different methods to reduce CO2 emissions – e.g. switching to renewable energy sources, introducing energy efficiency improvements etc. At present CCS is not a commercialised technology but several demonstration activities do exist. In such instances, companies that are participants in the European Union Emissions Trading System (EU ETS) would indeed benefit economically in the future from using CCS to reduce their direct CO2 emissions.
You can find information about the total greenhouse gas emission trends and projections on the following link: https://www.eea.europa.eu/[…]/assessment-2

We hope that this information may be useful for you.

With kind regards,
EEA Enquiry Service
YjSchreiber Jul 29, 2019 09:46 AM
thanks for the quick reply, but i was wondering not about reducing emissions directly, but to invest into offsetting options: for example, could a company continue their emissions in a plant as is, but invest into direct carbon capture or biochar for carbon capture (fertilizer) to reduce their overall ETS costs? So is it possible to deduct Carbon, which has been captured independently from the direct emissions from their ETS costs? Sorry for the confusion and thanks in advance.
EEA Jul 29, 2019 12:36 PM
We have contacted our experts. Please note that due to the summer holiday season waiting time for responses are longer than usual at the moment. In the meantime, please find information about ETS here: https://ec.europa.eu/clima/policies/ets_en
On this website you can also find a handbook with answers to practical questions: https://ec.europa.eu/[…]/ets_handbook_en.pdf

With kind regards,
EEA Enquiry Service
EEA Jul 31, 2019 08:47 AM
We have received the feedback from our expert. In general terms, the only way an investment in carbon reduction projects could be used to offset a company or facility’s direct emissions of CO2 is if the project has been properly registered and certified as an allowable off-set project. There are different rules as to what concerns eligible projects across different emission trading systems around the world. But in general if the project reduces a tonne of CO2 using an approved technology and this reduction would not have occurred in any case, (for example it follows the ‘additionality’ principle) then it can be granted one emission ‘allowance’ or credit. It is this certified allowance/credit that the company/facility can then use to offset its direct emissions, or alternatively it can be traded/sold within the emission trading system.

With kind regards,
EEA Enquiry Service
 
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