📋 Tender Overview
Start Date: 15/09/2023
End Date: 14/09/2028
Total Eligible Budget: 2,365,559 €
EU Contribution: 1,419,336 €
PROJECT DESCRIPTION
BACKGROUND
The establishment of emission trading systems has promoted ambitious GHG reductions by creating economic incentives to reduce CO2 emissions from many activities. Outside this control system are the diffuse sectors, less intensive in energy use (residential, transport, waste, agriculture, fluorinated gases and other industries) but responsible for around 40% of EU GHG emissions. Regulation (EU) 2018/842 of the European Parliament and of the Council, shows the interest of the EU in promoting the reduction of emissions from these sectors. To do this, it is necessary to develop regulatory and operational frameworks at the National or Regional level that channel the compensation interest of these sectors towards actions capable of sequestering additional Carbon to that fixed by the natural environment. LIFE CO2RK develops a battery of integrated actions in 3 Member States, at national and regional level, with different starting points in terms of political, legal and operational maturity. The goal is to complete the design and development of legal, administrative, financial and technical tools that allow the certification and registration of the carbon sequestered by forest management practices, enable its exchange in Compensation and channel investments from diffuse sectors in exchange for offset carbon. This private financial flow that can be essential for sustaining the Phagaceae forests in the EU, which due to their slow growth are not being used in CO2 capture policies, despite that scientific evidence ensures that the complex ecosystems they generate have a high capacity for CO2 fixation.
