Global, robust and comparable digital carbon assets

arXiv:2403.14581v1 Announce Type: new
Abstract: Carbon credits purchased in the voluntary carbon market allow unavoidable emissions, such as from international flights for essential travel, to be offset by an equivalent climate benefit, such as avoiding emissions from tropical deforestation. However, many concerns regarding the credibility of these offsetting claims have been raised. Moreover, the credit market is manual, therefore inefficient and unscalable, and non-fungible, therefore illiquid. To address these issues, we propose an efficient digital methodology that combines remote sensing …

arxiv assets carbon claims climate cs.cr digital emissions flights global international market travel