Barriers to Scaling the Long-Duration Carbon Dioxide Removal Industry

July 26, 2022

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(Carbon Plan) ... Awareness is growing around the need for long-duration carbon dioxide removal (CDR) — a suite of largely nascent approaches to removing CO₂ from the atmosphere and storing it for hundreds of years or more. To date, private sector investment in long-duration CDR via the purchase of carbon credits has largely happened outside of the conventional offsets system and in the absence of established third party standards.

We conducted this assessment to explore whether the general lack of third-party standards for long-duration CDR currently presents a barrier to its growth, as well as how critical of a factor that is relative to other market barriers. Through the course of our interviews, we found that the lack of standards is not considered a main barrier to scaling up long-duration CDR today, but is expected to grow in importance as initial markets expand to reach a broader set of buyers. READ MORE

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