The US Department of Energy (DOE) has released a primer on carbon dioxide removal (CDR) credits, a crucial tool in combating climate change.
CDR technologies directly capture carbon dioxide from the atmosphere, helping to mitigate the warming effects of greenhouse gas emissions.
The DOE‘s Office of Fossil Energy and Carbon Management (FECM) has developed this resource to provide information on CDR credits and their role in the US climate strategy.
Carbon credits offer a practical way to support CDR innovation, reduce costs, and improve measurement, monitoring, reporting, and verification (MRV) processes.
By purchasing CDR credits, individuals and organizations can directly contribute to climate action.
The DOE’s Carbon Negative Shot initiative is focused on achieving affordable, durable, and large-scale carbon removal.
Relevant: DOE Invests $58M To Remove Carbon From The Atmosphere
Another initiative from the DOE, the CDR Purchase Pilot Prize, demonstrates a credible approach to purchasing CDR credits, considering technical, economic, environmental, and social factors.
To encourage broader participation in the CDR market, the DOE is also launching the Voluntary CDR Purchasing Challenge.
This initiative invites organizations to purchase small quantities of high-quality CDR credits, aligned with the Carbon Negative Shot criteria.
Relevant: Meta Answers DOE’s Carbon Removal Challenge With $35M Pledge
By purchasing CDR credits, buyers can contribute to a net-zero future, diversify their carbon portfolio, and drive innovation in the CDR sector.
Understanding the different types of CDR projects and available risk mitigation options is essential for making informed purchasing decisions.
By participating in the Voluntary CDR Purchasing Challenge, buyers can learn from the DOE’s experience and contribute to the growth of the CDR market.
