A proposed policy framework called ‘carbon removal obligations’ (CROs) addresses concerns about financial viability, incentives for Carbon Dioxide Removal (CDR) uptake, and risks associated with large-scale CDR. The updated CRO framework includes a mechanism obliging emitters to remove a tonne of CO2 for every tonne emitted and introduces a pricing instrument for temporary CO2 storage, aiming to independently regulate carbon emissions and removals.
Beyond emissions trading to a negative carbon economy: a proposed carbon removal obligation and its implementation
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Research theme(s)
Policy, business & governance
Policy, business & governance
Publication type
Article
Article
Author(s)
Johannes Bednar, Justin Macinante, Artem Baklanov, James Hall, Fabian Wagner, Navraj S. Ghaleigh & Michael Obersteiner
Johannes Bednar, Justin Macinante, Artem Baklanov, James Hall, Fabian Wagner, Navraj S. Ghaleigh & Michael Obersteiner
Publication date
November 24, 2023
November 24, 2023
Publisher
Climate Policy
Climate Policy