Rickels, Wilfried (2022) Database and report on currently already existing or announced ocean NETs projects, including a world map of projects. . OceanNets Deliverable, D1.8 . OceanNETs, Kiel, Germany, 12 pp. DOI 10.3289/oceannets_d1.8.

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Abstract

Emissions trading systems (ETS) and markets usually do not allow for the inclusion of carbon dioxide
removal (CDR) activities and if they do, removal activities are primarily restricted to afforestation. The New Zealand
emission trading system (NZ ETS), for examples, integrates afforestation, and the California Low-Fuel Standard, the
Quebec ETS and the Chinese ETS permit the restricted inclusion of afforestation offsets. Furthermore, the California
Low-Carbon Fuel Standard System allows for the inclusion of removal via Direct Air Capture. In combination with
the 45Q tax credit program, the largest incentives for CDR via Negative Emissions Technologies (NETs) are
currently provided in the US. However, both do not yet allow for the inclusion of ocean-based carbon removal.
Hence, we provide first a brief overview about the NZ ETS and its inclusion of afforestation, pointing out that the
concept will likely not be applicable to ocean-based CDR with the potential exemption of blue carbon projects.
Second, we discuss the 45Q tax credit program, the California Low-Fuel Standard System, and the California
Compliance Offset Scheme. Third, we provide an overview about the company database related to ocean-based
carbon removal. Fourth, we briefly look at the voluntary carbon market, providing some insights for carbon removal
accounting.

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• Database and report on currently already existing or announced ocean NETs projects, including a world map of projects (deposited 16 Sep 2022 13:09) [Currently Displayed]
  • Database and report on currently already existing or announced ocean NETs projects, including a world map of projects (deposited 31 Jan 2024 10:54)

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