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