PACE Vice President Wil Burns published the final installment in an Illuminem Voices series on the Carbon Takeback Obligation. This article, titled “Debunking common misconceptions about a Carbon Takeback Obligation,” breaks down the most common arguments against the CTBO.
A CTBO is not a loophole for fossil fuels. It is a practical mechanism to ensure accountability, establish meaningful carbon pricing, and accelerate carbon recovery. Its role is twofold: it drives down emissions by requiring fossil fuel products to fully internalise the costs of their carbon, and it creates a predictable market for durable carbon removal.
Read the full article here.