The EU’s 2040 Climate Target debate is heating up. At stake: whether to allow international carbon credits at all - and if so, how many and what kind.

The European Union is split: some push to ban credits outright, while others want to allow plenty and as early as 2031. The current 3% proposal would mean up to 400 Mt of international credits by 2040.

Such a volume could literally ignite whole industries across numerous countries, with all the benefits that can bring to local communities. But the concerns centre around whether it would water down the EU’s own climate action.

Should the EU be allowing international credits, especially from the Global South, to achieve its climate targets? If so, should it focus on durable removals and be limited only for hard to hard-to-abate emissions?

Co-hosts Eve Tamme and Sebastian Manhart are delighted to be joined by Fiona Mugambi, Head of Growth & Partnerships at Octavia Carbon and Policy Lead at The Global South CDR Coalition. Fiona brings first-hand insights from Africa’s leading DAC initiative and a coalition that can shape debates in Brussels.

Join in as Eve, Sebastian and Fiona unpack one of the hottest debates in EU climate policy right now.

Links:

• Eve Tamme: LinkedIn and Website
• Sebastian Manhart: LinkedIn and Website
• Fiona Mugambi: LinkedIn and Octavia Carbon
• The EU’s 2040 climate target proposal
• Breaking Down the EU’s 2040 Climate Target Proposal: What’s New and What’s Next?
• Power of Biochar - Documentary narrated by Sebastian on the Exomad Green story - a great example of Global South CDR.

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