Science

Forests or underground storage? New metric compares risks of carbon removal projects

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Briefings

A new standardized metric allows for the quantification of risks associated with uncertain carbon removal projects, applicable regardless of the specific technology employed. This approach aims to provide a more reliable framework for evaluating the feasibility and safety of carbon capture initiatives. The metric enables comparison across diverse schemes, potentially improving decision-making for investors and policymakers involved in climate mitigation efforts.

Key points

• A new standardized metric has been developed to quantify the risks of uncertain carbon removal projects, applicable across all technologies.
• The metric enables comparison of risk profiles across different carbon removal schemes, potentially improving investment and policy decisions.

Context

This metric addresses the growing uncertainty surrounding carbon removal projects, which are critical for climate mitigation strategies. By standardizing risk assessment, it aims to provide a more reliable framework for evaluating the feasibility and safety of carbon capture initiatives, helping stakeholders make informed decisions about carbon removal investments.

Limitations

The metric applies to all carbon removal schemes regardless of technology, but specific risk data for each technology remains unavailable. The metric is a standardized tool for comparison, not a prediction of future outcomes or a guarantee of project safety.

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