Definitions and mechanisms for managing durability and reversals in standards and procurers of carbon dioxide removal
Stephanie Arcusa and
Emily Hagood
No 6bth5, OSF Preprints from Center for Open Science
Abstract:
The study explores the definition and implementation of durable carbon storage in expanding carbon markets and Carbon Dioxide Removal (CDR) options. The study analyzes various definitions and mechanisms proposed by standard developing organizations, aiming to ensure sequestration on climate-relevant timescales while preserving collective sequestration efforts. Findings reveal diverse contractual definitions and durability mechanisms employed, but no single mechanism is suitable for all CDR methods or the goal of long-term carbon sequestration. Complications arise from including short-term sequestration and ending monitoring responsibilities that necessitate innovation and tailored combinations of existing and improved mechanisms.
Date: 2023-07-01
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:6bth5
DOI: 10.31219/osf.io/6bth5
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