Carbon Gap proposes EU carbon removal buyers' club to unlock private investment

Carbon Gap and Carbon Management Europe have published a discussion paper exploring an EU Carbon Removal Buyers' Club to aggregate demand and stimulate private investment in European carbon dioxide removal (CDR) projects. The paper, released ahead of the European Commission's first CRCF Days, suggests that a coordinated group of companies committing to purchase verified carbon removals could address the lack of credible purchasing commitments hindering project financing. Drawing from a multi-stakeholder workshop, the analysis maps design options for such a club, proposing alignment with the Carbon Removals and Carbon Farming Regulation (CRCF). The initiative aims to reduce investment risk and support multiple near-commercial projects within EU and EEA jurisdictions. This proposed club would function as a coordination platform, providing common standards and aggregated demand signals.