Use of Kyoto credits by European installations: from an efficient market to a burst bubble

An Improved Forest Management (IFM) methodology has been initiated under the Carbon Removals and Carbon Farming regulation (CRCF), alongside a near-finalised afforestation methodology. As concerns grow over the declining capacity of Europe’s forests, determining which forest management practices should be incentivised through carbon certification is far from straightforward. 

In France, after the French “Low Carbon Label” (le Label bas carbone, LBC) certification scheme, there remains a systemic lack of funding for agricultural projects. Among the reasons mentioned by the agri-food industries is the fear of “double claiming”.

Once again, soaring oil prices are squeezing households’ purchasing power, undermining industrial competitiveness, and exposing the EU’s structural dependence on imported fossil-fuel energy.