The Carbon Removal Certification Framework Regulation (hereinafter referred to as the ‘CRCF Regulation’ or ‘the Regulation’), which aims to facilitate and promote the permanent reduction of greenhouse gas emissions, will enter into force on 26 December 2024. To achieve this objective, the Regulation establishes a broad voluntary framework for the certification of carbon removals and land reductions in the voluntary carbon market. The reliable and harmonised application and enforcement of the quality criteria set out in the Regulation should help prevent so-called greenwashing and ensure that greenhouse gas reduction efforts are transparent and credible. This should increase the trust of buyers in carbon removal certificates and incentivise the development of new carbon removal projects, ultimately helping the Union to achieve its climate objectives. ( More on lexology.com)