👀 Our new CONCITO brief on BioCCS in the EU is out now 👀
🏭 BioCCS will be needed to a limited extent to contribute to EU climate targets (e.g. for some biogenic emissions from waste incineration, biogas upgrading, and cement).
🌍 Creating incentives for BioCCS should be approached in full consideration of the associated risks for climate (potential negative impact on land carbon sinks) and the environment (possible pressures on biodiversity and food production).
🌳 Prioritisation and stronger regulation of the rising and competing use of biomass is needed in parallel with incentivizing the deployment of BioCCS to avoid lock-in of high biomass use for purposes that could be served by other means, e.g. electrification.
🎯 Additional EU policies need to be considered to ensure a sustainable deployment including 1) creating appropriate financial incentives, 2) putting in place a pricing mechanism to reflect possible losses in the land sector, and 3) improving monitoring and reporting of BioCCS and biomass use.
🗣 Reach out to Hanne Vermeulen and I if you want to exchange views on the topic.
Deputy CEO @ TradeLink Solution | Export-Import, Export Controls
3moCongratulations on this incredible achievement! Successfully refueling the “Xin Ya Zhou” with 3,850 tons of B24 biofuel in just 14 hours is a remarkable feat. This milestone not only marks the largest biofuel bunkering order ever completed in China but also signifies a significant step towards reducing carbon emissions by 20.4%. This effort greatly contributes to carbon reduction, air pollution control, and the enrichment of the energy structure, while fostering the growth of renewable energy. Well done to the entire team! #Sustainability #GreenEnergy #InnovativeSolutions