CCS Initiative Uses Carbon Accounting and Verification Standards to Boost Low-Carbon Energy Investments

Last month, a number of the world’s leading carbon capture and storage (CCS) stakeholders launched a new initiative to advance carbon accounting methods and verification standards for CCS projects, called the CCS + Initiative. The CCS + Initiative, led by Northern Lights, TotalEnergies, Oxy Low Carbon Ventures, South Pole, Perspectives Climate Group and Carbon Finance Labs, seeks to advance carbon accounting methods for a variety of CCS technologies. The development of these accounting methods and verification standards are key in attracting large-scale investment for CCS projects. This article discusses some of the initiative’s efforts as well as recent developments to scale low-carbon energy markets.

The Purpose of the CCS + Initiative