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  • Writer's pictureTerri Pugh

June 12, 2023 - Your Scoop in CDR!

UN Considering Reforms to Limit Influence of Fossil Fuel Industry at … 06/1/23 Inside Climate News- UN Considering Reforms to Limit Influence of Fossil Fuel Industry at Global Climate Talks

Civic groups and elected officials say the selection of host cities for the annual COP meetings, as well as the designation of delegates with ties to fossil fuels, must be more transparent.

CDR in the city: are urban areas a 'sleeping giant' for carbon … The building and construction sector’s needs for both credible VCCs and a reliable, industry-defined VCM is unmistakable. Second only to transportation, the sector is a tremendous source of global annual emissions, accounting for roughly 37% of the world’s total. Building operations, which account for some 27% of the global total, are a clear priority; they not only reached an all-time global high in 2021 but, in 2022, were the source of emissions that saw the largest year-over-year growth in the U.S.

The principal justification for carbon offsetting in the built environment, though, lies with the sector’s historical, or “embodied emissions.” By some estimates, the carbon costs incurred via the development, transportation and assembly of building materials, as well as the maintenance and eventual retirement of building assets, may be responsible for as much as half of the built environment’s cumulative carbon impact—roughly 11% of the global annual total.

But the built environment, with its wealth of verifiable, asset-native operational data, is conducive to carbon offset projects of a standardized efficacy, as well as more durable monitoring, reporting and verification processes. Moreover, the emissions reduced, avoided or removed through carbon offset projects in the built environment are capable of satisfying the core criteria of the Integrity Council for the Voluntary Carbon Market’s (ICVCM) proposed Core Carbon Principles; the mitigation outcomes these projects achieve would not have occurred without the credit incentive, and they are permanent. CDR involves extracting CO2 that already exists in the atmosphere, causing a net drop of CO2 in the atmosphere, while CCS projects prevent CO2 (from factories, manufacturing plants, etc.) from entering the atmosphere to begin with, causing the net CO2 in the atmosphere to remain unchanged.

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