Accounting for industrial CDR: getting the rules right

Industrial companies could generate millions of tonnes of carbon removal as part of their operations. It is technically straightforward to implement and operate across a wide range of sectors. It builds on tested strategies: using waste as a resource, expanding existing practices to optimise carbon sequestration, or capturing and storing biogenic emissions. And it could shift removals from being a cost into a source of value.

But industrial removals do not yet show up in carbon accounting standards and therefore companies can’t make a business case for investment.

What is needed to change that?

Key Topics:

• How are companies trying to integrate removals into their processes?

• How does this fit into broader industrial decarbonisation strategies?

• How can removals best be integrated into upcoming product and corporate carbon accounting standards?

• What role can governments play in supporting industrial removals?