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Opinion
Letzte Aktualisierung: November 5, 2021

CO2 removal markets for the 1.5 degree target

By Wilfried Rickels and Christine Merk
Wilfried Rickels heads the Global Commons and Climate Policy Research Centre at the Kiel Institute for the World Economy (IfW Kiel), Christine Merk is Deputy Director

In addition to CO2 offsets, Wilfried Rickels and Christine Merk call for a market for certificates from the removal of CO2 from the atmosphere. According to the experts from the Global Commons and Climate Policy Research Centre at the Kiel Institute for the World Economy, COP26 could set the course for this.

CO2-neutral has become a popular label for many companies. More and more companies are advertising their products with this label — whether to attract customers or to be classified as sustainable — also with a view to the financial markets. They can usually achieve this by offsetting their emissions with voluntary certificates from so-called offset markets. Elsewhere, for example, renewable energies are promoted to avoid additional emissions, or trees are planted to absorb and store CO2 already emitted from the atmosphere in the long term.
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