We analyze current approaches to carbon accounting for removed carbon sold on carbon markets, focusing on carbon crediting under the framing of a remaining carbon budget, the issue of durability, and approaches to accounting methodologies. We explore the topic of mixing carbon with other problems in developing carbon accounting methodologies and highlight the open policy questions. We conclude with a suggested framework for accounting for carbon removal accounting that simplifies climate action and enables a world with negative carbon emissions.
- Carbon Removal Accounting Methodologies: How to rethink the system for negative carbon emissions
-- 1 Carbon Crediting in a Finite Budget
-- 2 The Issue of Durable Storage
-- 3 Accounting Methodologies
-- 4 Mixing Carbon with Other Problems
-- 5 Policy Decisions
-- 6 A Framework for Carbon Removal Accounting
-- 7 References
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Arcusa S., Lackner K., Page R., Sriramprasad V., Hagood, E. (2022). Carbon removal accounting methodologies: how to rethink the system for negative carbon emissions. CNCE Working Paper No. 0001 November 2022. Arizona State University KEEP Repository, https://hdl.handle.net/2286/R.2.N.170043.
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Working Paper 001
CENTER FOR NEGATIVE CARBON EMISSIONS
Arizona State University
Tempe, AZ 85287-3005