Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
This topic supports the implementation of the European Commission Communication on sustainable carbon cycles582 and the upcoming regulatory framework on carbon removals certification583, and thereby contributes to the design and implementation of carbon-farming practices in Europe.
Project results should contribute to all of the following expected outcomes:
The success of carbon farming in Europe will be judged on the quantity and longevity of the sequestration of carbon in plants and soils (by enhancing carbon capture and/or
reducing the release of carbon to the atmosphere). To upscale carbon farming successfully and to establish long-term business perspectives, it will be essential to standardise the methodologies and rules for monitoring, reporting and verifying (MRV) the gains or losses in carbon sequestered. Currently, private schemes apply very different benchmarks and rules to the carbon credits placed on the voluntary markets. Without a high degree of transparency, environmental integrity, and methodology standardisation, buyers will be hesitant about the quality of the offered carbon farming credits. Land managers will also find it difficult to estimate their potential revenues and policy makers will be reluctant to allow the use of such credits for compliance into the regulatory framework. Thus it will be challenging to develop a successful market.
The Commission estimates that an EU contribution of around EUR 3.00 million would allow these outcomes to be addressed appropriately. Nonetheless, this does not preclude submission and selection of a proposal requesting different amounts
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