Regulating Removals: Bundling to Achieve Fungibility in GGR ‘Removal Units’

There will be issues to be addressed in scaling up GGR, not least of which concern the legal and financial nature of the removal units and how removal units generated by different technologies might be fungible. This paper explores these issues, arriving at conclusions that removal units need to be characterised as constituting property and be defined as a financial instrument for the purposes of financial regulation. The authors propose an alternative of considering the various GGR methods on a pooled or ‘bundled’ basis, rather than individually, which enhances the potential for positive public policy outcomes in scaling up the GGR sector.

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Research theme(s)
Policy, business & governance
Publication type
Article
Author(s)
Justin Macinante, Navraj Singh Ghaleigh
Publication date
March 24, 2022
View publication
DOI
Publisher
SSRN
CO₂RE - The Greenhouse Gas Removal Hub
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