In this article for The Texas Lawbook, Kirkland attorneys Alex Farmer and Jarrod Gamble discuss a new effort to develop carbon accounting mechanisms, as well as recent developments to scale low-carbon energy markets. Kirkland attorneys David Castro and James Dolphin also contributed to the article.
"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..."