CCS+
Initiative Overview
The objectives of this private-sector initiative are:
- Developing Carbon Accounting Methodologies for Carbon Capture and Storage (CCS) in all its forms (+), where storage of CO2 can be either geological or in long-term products.
- Scaling cutting-edge climate solutions through a high-quality carbon accounting infrastructure to support and accelerate efforts to reach net zero.
- Limit climate change and support reaching net-zero emissions by unlocking the potential of certified emission reductions or removals through carbon capture, utilization, removal and storage solutions around the world.
The CCS+ initiative is a complex endeavor, gathering over 50 stakeholders (e.g., technology providers, energy companies, research institutes, carbon consultants, other interested organisations and a carbon standard) to develop a carbon accounting infrastructure for CCS, CCU and tech CDR solutions.
BACKGROUND & RATIONALE
• The CCS+ Initiative is a global multi-stakeholder alliance that aims to develop robust carbon accounting methodologies as a public good.
• The methodological framework can be used for carbon crediting in the voluntary carbon market and/or in compliance market mechanisms.
• Grounded in industry expertise and scrutinized by an Advisory Group, we aim for the highest standards of environmental integrity.
• The CCS+ Initiative separately accounts for emissions reduction and carbon dioxide removal impacts.
More information is available at: www.ccsplus.org
Unlocking revenues through voluntary carbon market
A plug-and-play approach for project developers
Facilitating the uptake to compliance markets
Guidance notes for various regulatory schemes
Carbon capture, utilization, removal and storage solutions are vital to mitigating the catastrophic impacts of climate change.
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