Carbon Removal Newsroom

Building the MRV Tech of the Future

Sep 26, 2023

This podcast discusses the challenges of verifying carbon dioxide removal in the carbon removal marketplace and the importance of creating trust. They explore topics such as durable carbon removal, automating carbon accounting, harmonizing standards, and improving carbon removal claims matchmaking. The speakers emphasize the need for accurate monitoring, promoting biodiversity, and environmental justice in carbon removal projects.

36:50

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Quick takeaways

To scale-up carbon removal, carbon removal credits need to be more trustworthy and able to prove that CO2 was actually removed from the air.

Carbon Future aims to establish standards, methodologies, and a trust infrastructure for durable carbon removals, while focusing on transparency and collaboration in the carbon removal industry.

Deep dives

Building Trust in Voluntary Carbon Markets

The shrinking voluntary carbon markets have raised concerns about the trustworthiness of carbon offset projects. To address this, project developers and sellers of carbon credits need to prove that a credit sold actually results in carbon dioxide being removed from the air. Dr. Anna Leener, from Carbon Future, discusses their approach to creating a trust infrastructure for durable carbon removals. They offer software-based products for monitoring, reporting, and verification (MRV) of carbon removals, as well as a marketplace for certified credits. The aim is to build trust across the ecosystem and make it easy for buyers to invest in carbon removal.

Introduction

2min

Durable Carbon Removal and Market Making

24min

Automating and Optimizing Carbon Accounting

3min

Harmonizing Standards and Equating Different Types of Carbon Dioxide Removal

2min

Durability of Carbon Sinks and Standardization of Claims in the Carbon Removal Industry

3min

Improving Carbon Removal Claims Matchmaking and the Need for Regulations

3min

Carbon removal credits need to be much more trustworthy than carbon offsets are today in order to scale-up CDR.

On last week’s show, we covered the news that the voluntary carbon markets have shrunk this year. After many carbon offset projects have come under scrutiny, corporate buyers have grown more hesitant.

To prove that carbon removal is worth investing in and better than the status quo, project developers and sellers of credits will need to be able to prove that a credit sold actually means CO2 was removed from the air.

It’s one thing to do that in a lab when the technique is being developed in a lab. It’s another to do it at scale, in the field, in real-world conditions.

The tools available today won’t be enough to create market-wide trust. What software, MRV, and accounting technologies are being built today, that will manage the carbon markets of the future?

Dr. Anna Lehner at Carbonfuture is one of the people trying to answer this question. Today, we’re talking to Anna about how a wide range of CDR methodologies can be measured, quantified, certified, and sold to make it easy for buyers, all while creating more trust in the market.

On This Episode

Radhika Moolgavkar

Dr. Anna Lehner

Resources

Carbonfuture

Carbonfuture’s Trust Framework

SBTi Standards

cdr.fyi

Robert Höglund’s post on which companies are buying carbon removal

CCS+ Initiative

European CRCF

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