PACE Vice President Wil Burns published an Illuminem Voices article coauthored with Carter Smith “The compelling case for carbon removal at scale.” The article, which is the first in a three-article series on the Carbon Takeback Obligation, outlines the need for carbon removal and explains how a Carbon Takeback Obligation is the path to making this removal happen at scale.
CTBO costs would likely be comparable to achieving climate goals through the imposition of a global carbon price, or potentially even lower if one factors in policy risks attendant to a politically or administratively determined carbon price. In addition to streamlining carbon management objectives, a CTBO simplifies carbon accounting by eliminating downstream supply-chain tracking of carbon emissions, in contrast to conventional life cycle assessments.
Read the full article here.