Why does engineered carbon removal need ratings?

by Alex Luke, Victoria Harvey, Ted Christie-Miller on bezerocarbon.com, December 13, 2023

„Although the sector is growing, an enormous scale-up is still required. Estimates anticipate that demand for CDR will grow to 40-200 Mt/CO₂e per year by the end of this decade. At present, engineered CDR removes just 61,000 tonnes of CO₂ per year. Therefore meeting the projected demand will require annual deliveries to increase by 655-3,300 times by 2030. Ratings will be vital to helping the sector meet this challenge. Over the coming years, they will be a catalyst for the growth of the sector by driving demand for CDR credits, helping to unlock finance for new or early-stage projects, and improving confidence and trust in the voluntary carbon market.“

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