Those seeking to offset their emissions can acquire ‘carbon credits’ to balance out their environmental impact. However, existing carbon markets are plagued by issues like unverifiable claims, fraud, greenwashing and conflicts of interest. These challenges make establishing comprehensive rules to guide certification essential.
The Carbon Removal Certification Project addresses this need by focusing on certification processes, potential outcomes and requirements; the overarching goal is to standardize carbon markets, carbon removal and sequestration. The project delves into accounting methods, storage duration, re-release risks and safeguards, while also examining the possibility of unintentional emissions released during the removal process.
The growing carbon offset market, with. The project delves into critical aspects, including accounting methods, storage duration, re-release risk, and safeguards, while also examining the potential for unintentional emissions during the carbon removal process. The growing carbon offset market, with approximately 80% of the world’s emissions falling under carbon neutrality plans that rely on credits, highlights the urgency of this initiative to ensure a transparent and impactful carbon market.
This project is led by Stephanie Arcusa and funded through the National Institute of Standards and Technology Award #60NANB24D052.