Carbon Removal Legislation Coming To Luxembourg? – CarbonFIT Live Event

The Open Air Collective is expanding is reach and is organizing its first event in Europe! They will host an event on October 28th at 1:00 pm – 2:00 pm ET called CarbonFIT: A Carbon Removal Legislative Proposal for Luxembourg and Beyond. The event will discuss CarbonFIT – a new carbon dioxide removal (CDR) legislation, proposed by Luxembourg Member of Parliament and OpenAir collector Sven Clement. You can register for the event here.

This first of its kind initiative in a European country will look into applying the Feed-in-Tariff (FIT) model to CO2 removal technology. The FIT scheme was first implemented in Europe by Germany about 20 years ago and succeeded in catalyzing global renewable energy growth and cost reduction more than any other single policy.

The webinar will be the first that will kick-off a one-month process that would aim to prototype and complete rapidly a full carbon dioxide removal feed-in-tariff legislation (“CarbonFIT”) that can be introduced as policy in the Luxembourg Parliament in 2022. 

There will be a 1-hour live stream on a weekly basis that will gather experts aiming to evolve the concept to completion. The event is also open to viewers from anywhere in the world that will be given the opportunity to join the conversation and contribute their own ideas and insights.

It is targeted not just at experts but also at people who are interested in learning more about the development of an effective carbon removal policy and who want to spread the word about it. 

The Webinar Program includes a presentation of MP Sven Clement that will lay out the general objectives of the policy-making exercise. He will explain the CarbonFIT concept and offer background on Luxembourg’s climate commitments and existing policy landscape.

Relevant: OpenAir Collective’s New Webinars To Focus On Carbon Dioxide Removal

There will be a panel discussion + Q&A about innovation policy and CDR, and an introduction to open-source policy-making methods. Some members that will participate are Dr. Gregory Nemet – Professor from the University of Wisconsin-Madison and Christopher Neidl – Co-Founder of OpenAir.

The CarbonFIT policy proposal is innovative and offers an opportunity to expand carbon dioxide removal which would contribute immensely towards global emissions reduction efforts, utilizing the lessons learned from The Feed-In-Tariff scheme.

Read more: Carbon Dioxide Removal At The Forefront Of EU New Policies

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