On May 14, Carbon Capture Company participated in a high-level panel discussion in Brussels, focusing on the role of financing in achieving the EU’s climate targets for the land use and forestry sector. The event was part of the European Commission’s ongoing evaluation of the LULUCF Regulation (Land Use, Land Use Change, and Forestry).
Tomas Lundmark, CEO of Carbon Capture Company, contributed insights from the company’s work in developing and certifying credible forest-based carbon projects. The invitation to participate in this forum underscores the increasing importance of engaging market actors and private stakeholders to accelerate innovative financing solutions for forest carbon sinks.
The discussion highlighted that, while the LULUCF Regulation has improved national planning and raised the sector’s profile, significant challenges remain in translating policy into concrete action. Key enablers identified for scaling up ambitious land management practices included enhanced financing mechanisms, more robust MRV (Monitoring, Reporting, and Verification) systems, and stronger incentives.
