Burke & Schenuit (2024): Conditional fungibility: sequencing permanent removals into emissions trading systems
Josh Burke, Felix Schenuit IN: Environmental Research Letters, DOI 10.1088/1748-9326/ad796b
First, the authors present the policy context and a mapping and conceptual distinction of five groups of measures applicable to address varying levels of permanence in CDR policy. Second, they make the case for limiting the fungibility of different CDR methods with each other and with fossil CO2 emissions. Third, and building on the identified measures and conditional fungibility, the authors present a sequencing strategy for integrating permanent removals into existing compliance carbon markets.