Carbon Business Council And Climate Collective Publish White Paper On Digital Infrastructure For Carbon Removal

Carbon Business Council And Climate Collective Publish White Paper On Digital Infrastructure For Carbon Removal - Carbon Herald

The Carbon Business Council and Climate Collective have published a white paper that offers recommendations on Digital Infrastructure for Carbon Removal

The document outlines the primary challenges in the CO2 removal sector and identifies opportunities where digital infrastructure can present solutions to these challenges. The white paper also offers a set of recommendations for the adoption of digital technologies within the carbon removal industry.

Relevant: The Carbon Business Council Publishes New Issue Brief On MRV

According to the paper, digital technologies will play a crucial role in the rapidly growing CO2 removal sector. The digital infrastructure for carbon removal will encompass a diverse range of both established and emerging technologies such as remote sensing, cloud computing, mobile applications, artificial intelligence (such as machine learning and large language models), Internet of Things (IoT), Blockchain and public distributed ledgers.

A robust collection of enabling digital tools is necessary to enhance efficiency, reduce costs, foster trust and transparency, and establish new market infrastructure, the white paper argues. Many of these digital technologies are still in the early stages of development, underscoring the importance of initiating testing and deployment efforts without delay.

The Carbon Business Council and Climate Collective’s document offers several recommendations:

  • Start deploying now. Just as there is an imperative to scale up high-quality carbon removal efforts promptly to meet mid-century climate targets, there is a need to expedite the parallel development, testing, and deployment of the accompanying digital infrastructure.
  • Emphasize function. Companies specializing in digital infrastructure should prioritize clearly communicating the issues their technology resolves in a straightforward, functional language, steering clear of jargon and excessively technical descriptions.
  • Engage the public sector. It is crucial for digital infrastructure companies to actively engage with policymakers to establish collaborative and appropriate regulatory frameworks for digital market infrastructure for carbon dioxide removal (CDR).
  • Deliver equitable outcomes. Digital infrastructure holds significant potential to facilitate the responsible and equitable deployment and expansion of CDR. This can be achieved by enabling broader and more distributed market participation for both suppliers and buyers. Additionally, it involves reducing market friction and unnecessary transaction costs, ensuring a larger share of the credit value accrues to the suppliers responsible for delivering the climate impact.
  • Focus on CO2 removal quality. Developers of digital infrastructure should have a clear, consistent and strong bias toward high-quality CO2 removal credits generated through a transparent, high-integrity process and independently verified against stringent third-party standards. Digital Measurement, Reporting, and Verification (dMRV) and other components of digital infrastructure can potentially play a crucial role in realizing this objective.

Read more: Carbon Business Council Joins Call To Ensure Carbon Removal’s Place In UN Policy

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »
Total
0
Share