ClimeFi structures first publically announced carbon removal credits under EU CRCF
In France, ClimeFi has structured the first publicly announced transaction for carbon removal units aligned with the EU CRCF framework. This marks a significant milestone in operationalising the EU’s carbon removal certification framework and establishing commercial infrastructure for durable carbon removals in Europe. It builds on the world’s first voluntary standard for permanent carbon removals which the EU set by adopting the first set of methodologies under the CRCF in February.
The European-led initiative will see Adyen and Nasdaq receive CRCF-aligned carbon removal units from Beccs Stockholm, a bioenergy with carbon capture and storage (BioCCS) project operated by Stockholm Exergi. Beccs Stockholm has previously received financial support from the EU Innovation Fund, having been selected for how it achieves climate change mitigation combining high efficiency renewable heat and power production with permanent carbon removals.
Category: Fuels
