Glassy sphere with CO2 lettering lies in the ground

 

Working group 3
Carbon Capture, Use, Storage & Compensation

 

Benefits of joining the working group:

 

Establish how a sector/industry will fast-track decarbonisation using suitable technology.

Access to a broad network of cross-industry and cross-disciplinary experts, fast and trustful exchange of ideas and best practices.

Support for own projects, communication via a growing and strong industry platform.

Participating actively to understand and tackle climate change challenges.

Improving business opportunities, brand image and reputation.

Collaboration with other working groups (WG) for data and infrastructure barriers.

Challenges
  • Collaboration to overcome data and infrastructure barriers regarding CCUS&C
  • Understand resource management and time allocation for tasks
  • Monitoring and Evaluation schedule (M&E)

 

 

Targets 2024
  • Develop the transparency marketplace structure (rulebook)
  • Expand the CDR matrix, incl. practical alignment
  • Integrate warranty and insurance topics
  • Biodiversity credits
  • Monitoring, Reporting and Verification case studies, e.g. bio diversity

 

 

Current status
  • Carbon Dioxide Removal (CDR) credits discussion and transparency
    Impacts of CDR (health, social, economics)
  • Case study (e.g. market place)

  • Working result: Carbon Sink Matrix

 

 

Achievements
  • Describing Cash flow linked to carbon credits with blockchain technology and climate tech ecosystem interchange opportunities and challenges
  • Identify components for Risk Assessment and Sensitivity Analysis of carbon sequestration technologies and PCF standards related to carbon sinks accounting with determination of the required pathways to climate positive actions publication for Hannover Fair 2023
  • Enter into discussion with politics to support a regulatory framework which incentives projects and offerings to government departments related to transparency and to understand new amendments on EU regulation disclosure

 

 

Further Achievements
  • NTT Data Presentation on Lidar remote sensing data for forests carbon stock accounting and other scientific paper lectures such as The future on biochar for CDR from Dr Anna Lehner and Health and earth impacts of DACCS and BECCS from Prof. Selene Cobo
  • New decisions from the EU commission for the “Net Zero Industry Act” –regularity information which are important for the WG 3 paper and brief introduction to new EU deforestation regulation

 

 

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