Prosets: a new financing instrument to deliver a durable net zero transition

Aug 1, 2023

Interest in carbon offsetting is resurging among companies and institutions, but the vast majority of existing offerings fail to enable a credible transition to a durable net zero emission state. A clear definition of what makes an offsetting product “net zero compliant” is needed. We introduce the “proset”, a new form of composite carbon credit in which the fraction of carbon allocated to geological-timescale storage options increases progressively, reaching 100% by the target net zero date, generating predictable demand for effectively permanent CO2 storage while making the most of the near-term opportunities provided by nature-based climate solutions, all at an affordable cost to the purchaser.

Publication details
Theme(s)
Carbon offsetting
Type(s)
Research paper
Author(s)
Allen, Myles Mitchell-Larson, Eli
Year(s)
2022
Climatic Change

Latest news

Using natural carbon sinks to offset emissions will not stop global warming, scientists say
Using natural carbon sinks to offset emissions will not stop global warming, scientists say

As the COP29 negotiations continue, a new study published today in Nature demonstrates that protecting and maintaining natural carbon sinks, while vitally important, will not compensate for ongoing fossil fuel use. Natural carbon sinks such ... Read more

ONZ Fellows contribute to progress report for UN Secretary General
ONZ Fellows contribute to progress report for UN Secretary General

A new report, published today at COP29 in Baku and presented to the UN Secretary General, details the progress that non-state entities are making towards high-integrity net zero commitments. The report is a follow-up to the 2022 Integrity ... Read more

Job opening: Postdoctoral Research Associate in Carbon Accounting
Job opening: Postdoctoral Research Associate in Carbon Accounting

The School of Geography and the Environment and the Department of Earth Sciences are recruiting a Postdoctoral Research Associate (PDRA) in Carbon Accounting to work on the Net Zero Aviation project. This position involves researching carbon ... Read more

See more news and events