Climeworks along with the representatives of 34 other organizations have called for the creation of independent standards for CDR (carbon dioxide removal) in an open letter.
Among the organizations that have signed the letter are all stakeholders, including carbon removal suppliers, buyers, verifiers, representatives of academia, and nonprofits.
The letter addresses the broader CDR community and calls on it to actively join the conversation and partake in the steps necessary to develop trusted, science-based standards for CDR.
This not-for-profit initiative will strive to make different carbon removal solutions comparable, and will support the highest quality approaches that are measurable and scalable.
In a comment on the open letter, Christoph Beuttler, Chief Climate Policy Officer at Climeworks acknowledged the serious need for rigid monitoring, reporting and verification (MRV) standards.
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“In essence we need to define what a ton of CDR actually is. The standards set now will live for a long time. We need to make sure they are up to the task, which is what this industry letter is calling for,” Beuttler added.
Establishing clear rules on some of the most critical components of carbon removal is what the letter signees believe will help prevent the difficulties currently encountered by legacy carbon markets.
With that said, Climeworks also stated that a high-quality CDR market that is to be scaled ought to be incentivized to serve climate objectives, as opposed to profit from them.
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