Emission trading systems aim to put a price on carbon, to save emissions where it is cheapest and benefit the global climate. But the approach has failed so far. In the EU, the price for carbon has dropped to a low, so producers can easily continue polluting. And they are actually making huge profits from the permits they receive.
This report summarises the key evidence which must be considered about BECCS. It looks at the overwhelmingly destructive impacts of existing large-scale bioenergy production and use and the implications of massively scaling it up, as would be required for a global BECCS programme.