[et_pb_section fb_built=”1″ module_class=”first-section” _builder_version=”4.13.1″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_start=”rgba(0,0,0,0.72)” background_color_gradient_end=”rgba(0,0,0,0.18)” background_image=”https://climatecleanup.org/wp-content/uploads/2022/07/Screenshot-2022-07-11-at-14.47.14.png” custom_css_main_element=”min-height:100vh” global_colors_info=”{}”][et_pb_row module_class=”custom-row” _builder_version=”4.13.1″ _module_preset=”default” background_color=”RGBA(0,0,0,0)” custom_margin=”20px|auto||auto||” custom_padding=”111px|||||” custom_css_main_element=”z-index: 1″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text module_class=”custom-title ” _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”]

Removal credit pricing

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ONCRA Removal Credits are sold at prices that effectively cover the cost of carbon removal, with a premium for research, development and innovation (RD&I). Removers set their own prices. The current ETS price is our advisory price point. 

See current ETS Price Buy credits

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Pricing of carbon removal credits

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”]CRCs are sold at prices that effectively cover the cost of carbon removal, with a premium for research, development and innovation (RD&I). The floor price for ONCRA removal certificates is ultimately set by the Removers and evaluated constantly. In all cases it has to be higher than the actual removal cost. In this way, buyers and investors support much needed research, development and innovation. After all, a price that is too low offers no certainty of actual carbon removal, and hence no climate benefits.
[/et_pb_text][/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”]The EU ETS price is a guideline for the ONCRA removal credit price. The EU ETS market is the oldest and one of the most active carbon markets supported by the European Union. The European Regulation 2013 /1143 laid the foundation for the appointment of EEX Ag as the auction platform for emission allowances.
The actual damage a ton of CO₂ in the atmosphere does to our planet and economy is another anchor for our price point. These costs are estimated to be around €353/tCO₂ (Ricke et al, 2018).

 

 [/et_pb_text][/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”]However, the EU ETS market is not about removal but trades European emission allowances; the right for industries to emit a ton of carbon dioxide. We would like to see the EU ETS and other markets to also include payments for carbon removal. Until that is the case, we strive for an honest price for Removers, which – given the damage of a ton of CO₂ in the future – seems pretty well aligned with the current ‘EUA’ future price.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.13.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta button_text=”Click Here” _builder_version=”4.13.1″ _module_preset=”default” header_text_color=”#000000″ body_text_color=”#000000″ background_color=”#fada04″ global_colors_info=”{}”]Read more about ONCRA and its Guidelines at oncra.org
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