The Global Carbon Council (GCC) has signed a Memorandum of Understanding (MoU) with the CCS+ Initiative to accelerate the development of high-integrity carbon capture, utilization, removal, and storage methodologies.
Announced at the IETA Asia Climate Summit 2026 in Hong Kong, the agreement establishes a framework to integrate CCS+ carbon accounting models directly into the GCC’s expanding carbon market ecosystem. The MoU was signed by Dr. Yousef Alhorr, Founding Chairman of the GCC, alongside Pascal Siegwart and Paulien Veen representing the CCS+ Initiative.
The collaboration will focus on adapting CCS+ methodology materials, covering everything from direct air capture (DAC) and CO2 transport to bioenergy carbon capture and storage (BECCS), for use within the GCC program, subject to regulatory approval. Additionally, both organizations will assess the potential development of a dedicated module designed to track emission reductions from industrial point-source carbon capture.
Scaling Solutions for Hard-to-Abate Sectors
This strategic partnership arrives as carbon dioxide removal (CDR) and CCUS technologies face growing demand, particularly from heavy industries looking to hit net-zero targets.
According to the International Energy Agency (IEA), wider deployment of these technologies is critical for low-emission hydrogen, ammonia, and atmospheric removal pathways.
The new modules are expected to pair effectively with the GCC’s recently approved low-carbon ammonia methodology, opening up clearer routes for certifying blue ammonia projects.
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“Carbon capture and carbon dioxide removal will play an increasingly important role in global climate action, particularly for sectors where emissions are difficult to abate,” said Dr. Yousef Alhorr, Founding Chairman of the GCC.
“Through this MoU with the CCS+ Initiative, GCC aims to strengthen its carbon market ecosystem with robust methodology frameworks that can support high-integrity crediting for CCS and CDR projects.”
By standardizing these complex accounting practices, the GCC hopes to expand its trusted, digitally enabled carbon market solutions, ultimately preparing the framework for voluntary, compliance, and upcoming Article 6 carbon markets.
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