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by exp1orer
1097 days ago
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a few clarifications (in the industry but not involved with this deal): * carbon removal credits are a subset of carbon credits * they are generally considered higher-quality than most other credits (which are "avoided emissions"). This is because, for example, turning on a direct air capture machine, is clearly something that would not happen without the sale of carbon credits. * there's not always a clear line between carbon removal credits and non-removal (ie "avoided emissions"). * unfortunately the carbon credits that have come under the most fire (nature-based solutions like forestry) are also, technically, closer to being "carbon removal" -- and some sellers play up that ambiguity, to their advantage. |
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Continuing the DACS example, they are not issuing 'carbon credits' that are verified by Verra or Gold Standard. There is no existing standard for verifying removals.
I would say the majority of the CDR industry is trying to distance themselves from the term 'credit' as it implies a 1:1 relationship however reductions and removals just can't be seen as the same.