Monitoring, Reporting, And Verification: Why The Carbon Dioxide Removal Industry Can Expect—and Could Benefit From—Increased Oversight

Carbon dioxide removal (CDR), or the range of technologies and processes for removing carbon dioxide from the atmosphere and oceans, promises to be a major part of US and global climate strategy in the coming decades. Recent governmental actions have created significant financial incentives for the rapidly growing CDR sector.

Given the heightened importance of CDR technologies, some regulators and members of the public are calling for a broader range of measures to ensure that CDR projects are accurately monitored, reported, and verified. Recent governmental activity suggests that the CDR industry can expect more comprehensive regulation in the future, although such regulation likely will take time to issue. In the interim, the industry can take voluntary steps to address these issues and build support for CDR as a central pillar of the technological solutions to climate change.