Developing a Market for Carbon Removal Offsets That is Fit-for-Purpose

Explore the critical need for redesigning carbon offset markets to focus on Carbon Dioxide Removal (CDR) in this informative webinar. Delve into the challenges of current avoidance-dominated offset markets and their inadequacy in addressing global warming. Learn about the proposed shift to removal offsets and the introduction of a 'carbon ton year' metric with accompanying warranties. Understand how these market reforms can incentivize durable, safe, and verifiable CDR technologies. Gain insights from expert panelist Philip Boyd on the importance of parallel development of suitable CDR technologies based on sound scientific principles. Discover the potential impact of these changes on securing the necessary investment for large-scale CDR deployment to combat climate change effectively.