Isometric’s Post

A good reminder that high integrity discussion are for naught if the uncertainty of parallel and shifting rulesets put good carbon project developers out of business. Incremental evolution of accounting rules is important, but it needs to be done in a way that is transparent, coordinated among actors providing 'guidelines,' and that recognizes the financial realities of carbon owners who are making a decision with real opportunity costs to participate in climate finance vs other options.

Post-verification rating on climate action projects - A position paper by the Project Developer Forum Ltd Link: https://lnkd.in/ezsJpGv5 In recent years and in the era of data and technology increasingly used and accepted in the carbon market, there has been a new service introduced throughout the climate sector called Project Rating. This well-intended business activity introduced a parallel assessment process to the existing certification cycle in order to rate projects’ ERR results ex-post or ex-ante. #ClimateAction #CarbonCredits #CarbonOffsets #CarbonMarket

Scaling up storage: mapping Europe’s CO2 storage sites Webinar of CO2 storage capacity estimates and the status of ongoing and planned storage projects, crucial for the timely creation of the EU-wide CO2 storage atlas. ➡️ What Europe’s planned storage capacity estimates look like? ➡ How we should communicate about storage capacity estimates and uncertainties? ➡ What European policymakers should do to accelerate CO2 storage site development across the region? 📅 Friday, 24 May 🕗 11.00 – 12.30 CEST 🔗https://lnkd.in/eCewtCfm #CO2 #carbon #capture #storage #capacity #CCS #Europe #atlas

It's hard to overstate how inane these comments are from Ernie Moniz and Sally Benson. They're clearly reading prepared text, so I'm guessing they're just reading the copy that the PR firm Edelman handed them. But Benson is flat out lying when she says that the White House report, "US Innovation to Meet 2050 Climate Goals" (DOE Office of Science and Technology Information (OSTI) Nov. 2022), which was published by the White House office that she leads, says: "[The OSTI report] provides scenarios for meeting our 2050 goals... and across all the scenarios CCS is required, as is a significant amount of carbon dioxide removal." No, it doesn't. But don't take my word for it. https://lnkd.in/e3zqDYBu. (I've taken the liberty of highlighting each reference to carbon capture, just to make this debunking easier.) How is it possible for the White House, DOE, and all federal agencies not to cringe in shame listening to these two sell CCS? #stopCCS #defundDOE

Today, U.S. Senator Brian Schatz (D-HI) and U.S. Representative Paul Tonko (D-NY-20) introduced #carbonremoval legislation in both the Senate and the House of Representatives based on the federal spending framework in our 2019 “Clearing the Air" report: https://lnkd.in/gmRAVemv. The legislation draws from our report by emphasizing cross-agency coordination and technology-specific cost targets.   Large-scale carbon dioxide removal (#CDR) is imperative for limiting global temperature increases and avoiding the worst effects of #climatechange. The new bill would provide more than $12 billion in research, development, and demonstration (RD&D) funding for CDR technologies, launching a 10-year, multi-agency program.   Our report outlined pathways with a 10-year, $10.7 billion RD&D initiative to coordinate the actions of 10 agencies and departments. It also recommended that the U.S. Department of Energy (DOE), U.S. Department of Agriculture (USDA), and NOAA: National Oceanic & Atmospheric Administration (which is housed within the U.S. Department of Commerce) take the lead. The proposed legislation would allocate the largest amount of its funding to these three departments.   The legislation also seeks to establish and drive down technology-specific cost targets for a comprehensive list of CDR technologies detailed in the “Clearing the Air” report, with National Energy Technology Laboratory taking primary responsibility on this aspect of implementation. These CDR technologies include direct air capture (#DAC); #carbon mineralization; terrestrial and biological carbon removal; oceans-based #carboncapture; and carbon capture, utilization, and storage (#CCUS).   Read our report: bit.ly/3MLdBq9

Gigaton-scale #CO2 removal—CDR—is necessary for any serious attempt to reach #netzero and, ultimately, #netnegative emissions goals a few decades from now. We have to fight for every tenth of a degree in temperature reduction we can get.

We are pleased to announce the publication of a paper by Lukas Vashold and Jesús Crespo Cuaresma in "Communications Earth & Environment". The paper "A Unified Modelling Framework for Projecting Sectoral Greenhouse Gas Emissions" employs a simple conceptual framework and time series econometric methods to forecast greenhouse gas emissions for 173 countries across five main sectors until 2050. This work adds to the tools for evaluating progress toward a carbon-neutral future. Lukas Vashold: "Combining cutting-edge research from different scientific disciplines to create credible data and dispersing this information in a user-friendly way, as with the World Emissions Clock, are central to our efforts at World Data Lab to confront the challenges ahead." Access the paper here: https://lnkd.in/dRmPZsSq.

On June 4th, the second edition of “The State Of Carbon Dioxide Removal” (CDR) report was released – one of the most comprehensive and thorough assessments of the carbon removal industry. Please find some key takeaways below! #carbonremoval #CDR #climateaction #reports https://bit.ly/4ecOBHl

Join my colleagues in this important, informative, and free webinar on the state of financed emissions in the financial sector. Whether your institution tracks financed emissions or not, learning more about them, the level of maturity among various financed emissions programs, and the challenges for program implementation will provide you with a deeper understanding of the wicked problem that is climate change. You will come away more knowledgable, as proven by the CPE credit provided! What are financed emissions anyway? Great question: "Financed emissions are the greenhouse gas (GHG) emissions associated with the investment activity of financial institutions. These emissions are the largest, most material component of the financial industry's GHG footprint. Their measurement and reduction are key to achieving net-zero goals. Join us for an informative webinar as we share why financed emissions matter, as well as recent voluntary commitments, industry guidance, and regulatory implications. In addition, we'll cover the maturity level of financed emission programs across the industry and challenges to their implementation." https://lnkd.in/eFVhrvSw

In a couple weeks, I will share MIT Alumni for Climate Action (MACA) position paper on alternative green fuels and their position in the future energy economy. It is a 38-page paper of information that will help policy makers make better decisions. We propose much less hydrogen than the US Government. #ClimateAction #ClimatePolicy #ClimateTechnology #Climatechange #AlternativeGreenFuels #FriendofMIT #ChemicalEngineer.