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.
Prosets: a new financing instrument to deliver a durable net zero transition
Publication details
Carbon offsetting
Research paper
Allen, Myles Mitchell-Larson, Eli
2022
Latest news

SBTi Releases Second Draft of Corporate Net Zero Standard: Key Updates for Professional Services
The Science Based Targets Initiative (SBTi) has released the second draft of its updated Corporate Net-Zero Standard, marking the first major revision in more than four years and introducing significant new guidance for professional service ... Read more

New plan aims to make public procurement a force for climate action
Today at COP30 in Belém, the Government of Brazil announced an ambitious plan to drive action on climate change using the power of public procurement. The Belém Declaration on Sustainable Public Procurement establishes concrete measures to move ... Read more

Oxford Net Zero launches new Serviced Emissions Hub to drive accountability in professional services
By Siddharth Shekhar Yadav, Alexis McGivern and Clarissa Salmon. In mid-October, Oxford Net Zero officially launched the Serviced Emissions Hub – a new cross-sector platform bringing together leaders from law, consulting and ... Read more
See more news and events