Open Carbon Accounting

A carbon removal accounting standard for natural climate solutions is a crucial systemic link that is currently missing. We work, based on doughnut economics, with entrepreneurs, economists, bankers and accountants to fill this gap.

Photo by Nikoline Arns

Enabling business

We develop a doughnut based natural carbon accounting framework in close collaboration with all entrepreneurs in climate solutions who need it to close their business case. It will enable them to effectively calculate and verify how much carbon they sequester (remove from the atmosphere). This makes it much easier to monetize their carbon removal whether through voluntary carbon markets or taxation / government revenue streams.

Schematic of carbon accounting frameworks; for carbon removal with natural methods, there is lack of estimation models and (cost)effective verification systems.

Complexity

The problem with current accounting mechanisms is their complexity which is incompatible with the scale and quality of natural climate solutions. Typically a project has to go through a $200.000 to $300.000 advisory process before a verification organisation like Gold Standard will list it. For many nature based projects, who collectively can reach distributed scaling, this process is inaccessible both through lack of finance and capacity.

The current approach is focused on making very precise and heavily verified measurements instead of ‘ballpark’ order-of-magnitude estimates that fit much better with inherent uncertain growth processes in natural ecosystems. We aim to develop such lightweight methodology and deliver the necessary trust by smartly designing distributed verification mechanisms.

Doughnut Economics

Doughnut economics, Kate Raworth’s ideas for an economy that serves human needs within planetary boundaries, is central in our thinking. We create the world’s first dougnut-based natural carbon removal accounting framework, as this will enable the businesscases of thousands and kick-start the new nature economy to beneft both humans and other life. We are a founding member of the Amsterdam Doughnut Coalition.

 

 

Partners

 

Join The 1500 Club

With 1500 people we aim to remove the 1500 gigaton of extra CO2 in our atmosphere, using nature based solutions. This 1500 Club is by and for parents, entrepreneurs, investors, children, decision makers and anyone who wants to suck CO2 with us. Take part in our plan to draw 1500 gigaton CO2 out of the atmosphere this century and restore the global carbon balance.