4min chapter

Carbon Removal Newsroom cover image

Could This Law Supercharge U.S. CDR?

Carbon Removal Newsroom

CHAPTER

The Politics of the Reverse Auction

The reverse auction will send a clear signal to the market that there is a ready and serious customer for their product. Procurement acts like a time-shifting mechanism. This will then also have an immediate impact and catalyze more private sector investments. The only thing I think is missing worth calling out is that you have this title on carbon removal quantification where they're calling for assessments of technological or economic barriers to the wide-scale deployment of carbon removal pathways. We really do need to start to pivot and think about actually funding social analysis and engagement and all of that stuff if we are serious about scale-up.

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