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

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