Sebastian Manhart’s Post

Germany addressing Carbon Dioxide Removal #cdr in other words sucking co2 and GHGs from the atmosphere and storing it deep into the soil and rock depending on the method. #Germany #UN #decarbonisation #COP29 #sequestration #co2 #GHGs

A few weeks ago, Stefan Schlosser (Deutscher Verband für negative Emissionen e.V. (DVNE)), Dr. Johanna Puetz (Boston Consulting Group (BCG)) and I discussed the heavily underestimated economic potential of the Carbon Removal industry in Europe and Germany over lunch. The lack of data, we felt, could hinder the required progress. Climate action is not only cost - it is a true economic opportunity. One worth almost a trillion dollars globally, to be precise. Today, happy to see the publication of ”Carbon Dioxide Removal (#CDR): Europe's Path to a Trillion-Euro Industry” that underpins the transformative impact of CDR on climate goals and the European and German industry landscape with real data. 📈 Europe's CDR industry could reach €220B per year by then, driven by technological advancements and economies of scale. 👷🏼 The European CDR industry could create up to 670K jobs. 🇪🇺 With its tech expertise and climate policies, Europe, and especially Germany, are set to have a significant impact on this market. It was a pleasure working with Dr. Johanna Puetz, Dr. Patrick Herhold, Robin Bierganz and co-authoring alongside Nikolaus Wohlgemuth, Julia Mühleiß, Sarah-Luise Grimm, Caroline Braun, Jörg zu Dohna, Marcel Rensmann, Johannes Schwegler, Constanze Adolf, Phd, and Tony Oehm

🇪🇺 77% of you believe that Europe is where CDR policy action is going to happen in 2025 - time to get your hands dirty 🇪🇺 ☑️ Last week, over 200 of you participated in a poll of mine and the results were stunning (for me): without a doubt, the sentiment among this community is that Europe is where CDR policy is actually going to move in 2025. Not the US (7%). Not the UN (4%). Not any other individual county (11%). So here are a few recommendations on what you can do to get involved, whether as an individual or with your company: 🤓 Educate yourself: there are so many good resources out there. For Europe, my favourite has to be Carbon Gap’s Policy Tracker: perfect for starters to make sense of acronyms like CRCF, ETS, GCD, etc. but also ideal for experts who want a refresher or deep dive. 🙋Team up with your peers: Elisabeth Harding and I run a biweekly working group for CDR policy professionals focused on Europe. If this sounds exciting, leave a comment or drop us a note. 🌐 Join a trade association: strength comes in numbers. Thankfully, there are three trade associations already in Europe: AFEN for France, Deutscher Verband für negative Emissionen e.V. (DVNE) for Germany, and Negative Emissions Platform for the European Union. 🔔 Stay up-to-date: while I focus on global CDR policy, Europe is definitely my home turf. Make sure to turn on the bell on my profile, follow my regular CDR Policy Scoop with Eve Tamme, and subscribe to my monthly, curated newsletter: The #GigaTen. ❓ What else? How do you plan to get involved and what resources, people, and platforms would you recommend to our colleagues/peers?

📄 European Commission President Ursula von der Leyen has announced the picks for European Commissioners and Executive Vice-Presidents roles, with the assigned portfolios for the 2024-2029 term. Key candidates on energy and climate portfolios, and CCUS topics include: 🔹 Teresa Ribera: Executive Vice-President for Clean, Just, and Competitive Transition 🔹 Stéphane Séjourné: Executive Vice-President for Prosperity and Industrial Strategy 🔹 Dan Jørgensen: Commissioner for Energy and Housing 🔹 Wopke Hoekstra: Commissioner for Climate, Net-Zero, and Clean Growth 🔹 Maroš Šefčovič: Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency 🔹 Jessika Roswall: Commissioner for Environment, Water Resilience, and a Competitive Circular Economy The interlinked structure of many portfolios will demand careful coordination to prioritise decarbonisation across sectors. Accelerating CCUS deployment will be critical in ensuring Europe meets its climate targets while maintaining industrial competitiveness. Joop Hazenberg, CCSA EU Director, remarked: “Good news that the new Commission is prioritising industrial policy without neglecting the clean transition. We do hope that the proposed task division between the many involved Commissioners will not lead to fragmentation in building a healthy CCUS market.” 💡 Now, the European Parliament will hold hearings and vote on the approval of the new Commissioners and Executive Vice-Presidents. Read more here 👉 https://lnkd.in/euKa73bY #CCUS | #CarbonCapture | #NetZero

Happy to share the publication of “Carbon Dioxide Removal (#CDR): Europe’s Path to a Trillion-Euro Industry” which Boston Consulting Group (BCG) and the Deutscher Verband für negative Emissionen e.V. (DVNE) in collaboration with its members released today. Carbon Dioxide Removal are already acknowledged playing an integral role in the path to net zero. But this study points out the economic potential of CDR for Europe and especially Germany.   📈 The European (German) CDR industry could grow to €220B (€70B) per year by 2050, creating up to 670K (190K) jobs.   🌍 Europe, and especially Germany can be catalysts for a thriving CDR industry, since they are uniquely positioned to lead the global CDR market due to their technological progress, robust industrial base, and progressive climate policies.   💡 Concerted efforts from policymakers, industry, buyers and investors are required.   Let’s embrace the transition and be part of a sustainable and economic future.   Enjoy the read: https://lnkd.in/dnb6g9mb  #CarbonDioxideRemovals #BECCS #NetZero Stefan Schlosser Dr. Patrick Herhold Dr. Johanna Puetz Robin Bierganz Phillip Spiekermann Johannes Schwegler Magnus Drewelies Caroline Braun Constanze Adolf, Phd Nikolaus Wohlgemuth Gabor Maifeld Tony Oehm Marcel Rensmann Sebastian Hanss-Mirodone Nicole Herold

#Semiconductors help reduce society’s environmental footprint, by optimising energy usage in transportation, manufacturing, consumer products and services. They are an indispensable lever for achieving the EU’s climate goals and are crucial in implementing the green and digital transitions. To put it plainly: There is no #net-zero economy without chips! Consequently, ESIA calls on Environment Ministers at the Council of the European Union of the European Union and decision-makers in the European Parliament and the European Commission to acknowledge the essential role of semiconductors in achieving the EU climate goals. This should be reflected in all upcoming legislation of the new mandate 2024-2029.

"How far have we come and how far do we still have to go to address the climate crisis?" The results are in - our friends at Speed & Scale recently published an excellent progress report on the world’s efforts to reach net zero. https://lnkd.in/gATXeuqa   💸 In the CDR section of the report, Speed & Scale calls for radical expansion of investment in carbon removal to $20 billion by 2030. 💡 Interestingly, in 2023, around $1.25 billion of early-stage investment was made in CDR overall. (CDR.fyi data: https://lnkd.in/dWj7vJNa) and the total dollar amount spent on durable carbon removal to-date is $2.1 billion. ⬇ The report also points towards CDR being one of the innovations presently held back by high-costs. 💡 75% of CDR buyers consider price per tonne as the primary factor for choosing suppliers (CDR.fyi data: https://lnkd.in/g6EutJhJ) 📑 To learn more, read the full report here: https://lnkd.in/gkZpnQt8

Coverage and awareness of CDR is up but we still have a mountain to climb in actually scaling up carbon removals. The launch of the 2nd State of CDR report finds a significant gap between how much CDR countries are planning in the coming decades and what is required to limit warming to 1.5C or 2C above pre-industrial levels. But alongside this “gap”, it also finds a rapid growth in innovation, academic research and public attention. Funding for early stage research and innovation can help to close that gap but the clock is ticking and every day we wait for solutions, means a growing CDR challenge. CDR.https://www.stateofcdr.org/

Congratulations to the newly appointed EU Commissioners-Designate! We echo Kasper Elbjørn's sentiments and extend our special congratulations to Professor Teresa Ribera Rodríguez, Stéphane Séjourné, Wopke Hoekstra, and our own Dan Jørgensen. As Kasper rightly points out, "The connections between industrial, energy, and climate policies are more important than ever." European industries, especially energy-intensive ones, face significant challenges with high energy costs threatening our competitiveness. Mario Draghi’s Competitiveness Report highlights critical steps toward a stronger, more secure Europe, particularly the coupling of decarbonization with competitiveness. We are hopeful that the new Commission under Ursula von der Leyen will bring the necessary leadership and vision to drive forward initiatives like the proposed Clean Industrial Deal and increased investments in R&D. As von der Leyen said, "The whole college is committed to competitiveness.“ Let's work together for a stronger, more secure Europe! #EnergyTransition #IndustrialStrategy #GreenGrowth #CleanEnergy #WhyEE