Reminder to Submit Comments on DOE's Voluntary CDR Purchasing Challenge
Deadline: May 15, 2024
On March 14, 2024, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) issued a notice of intent (NOI) to launch a Voluntary Carbon Dioxide Removal Purchasing Challenge (“Challenge”) and is seeking feedback on the Challenge and its structure to ensure the most benefit to participating carbon dioxide removal credit buyers and market overall.
The Challenge will call on external organizations to join DOE in purchasing high-quality carbon dioxide removal credits. The Challenge aims to foster further private spending on removal credits by connecting top suppliers and buyers, as well as creating a leaderboard of carbon removal purchases. This leaderboard will enhance market transparency, giving organizations interested in carbon removal credit purchases greater confidence to move forward. To encourage as many entities as possible to join the Challenge, DOE does not envision a floor to participate, and will encourage purchasers of any removal credits, not just those matching DOE Purchase Pilot Prize winners. For suppliers, the Challenge will provide an additional opportunity for DOE to evaluate their credits.
Who Can Provide Comments
FECM encourages all interested parties, including public, private, and civil society organizations and carbon dioxide removal credit buyers and suppliers to provide input, questions, and feedback on the Challenge.
Questions for Consideration
The terms of the Challenge, detailed in the NOI, are not finalized, and FECM is seeking public input on how to structure the Challenge, as well as on interest in joining the Challenge when it formally launches later this year. Please consider questions such as:
- How should DOE structure the Challenge to get as many participants as possible, given funding constraints?
- How is your organization thinking about purchasing carbon dioxide removal credits in terms of the environmental, social, financial, or regulatory considerations?
- What is stopping your organization from purchasing carbon dioxide removal today?
- What resources would enable your organization to procure carbon dioxide removal with ease and confidence?
- What can your organization do to join us in catalyzing more purchases (e.g. philanthropies, non-government organizations, civil society organizations)?
No new funding will be made available through this Challenge. Please send questions and feedback to VoluntaryCDRChallenge@hq.doe.gov by May 15, 2024.
Additional Information
For additional information about the Voluntary CDR Purchasing Challenge read the following:
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