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Strategies for the Evaluation and Assessment Of Ocean based Carbon Dioxide Removal

Project description

Analysing ocean-based carbon dioxide removal implementation and monitoring strategies

The oceans are the world’s largest carbon sink and an essential buffer against climate change. Enhancing or accelerating natural carbon sequestration processes in the ocean could be a powerful tool in transitioning to a climate-neutral and more resilient society. However, most research regarding CO2 removal has focused on terrestrial strategies. Ocean-based carbon dioxide removal (OCDR) as described could be equally if not more effective. The EU-funded SEAO2-CDR project intends to fill critical gaps in our understanding of OCDR approaches to enable sustainable, effective, and environmentally and economically viable OCDR. The team will also address responsible and effective governance of OCDR and what is needed for business development and scale-up.

Objective

SEAO2-CDR is an ambitious multidisciplinary project that unites expert scientific, economic, legal, political, social and ethical researchers with industry leaders and regulators to establish and assess the evaluation pathways and methodologies required for sustainable and effective operationalisation of Ocean-based Carbon Dioxide Removal (OCDR). The implementation of appropriate CDR strategies is regarded as an essential component of most Net Zero emission pathways, yet the mechanisms and processes needed to facilitate their deployment remain largely unexplored. Notably OCDR approaches have generally received less attention than terrestrial CDR technologies despite offering equivalent, or greater, sequestration potential. SEAO2-CDR addresses critical gaps in our techno-economic understanding of archetypal OCDR approaches in order to define the operational spaces in which they are environmentally and economically viable, and will establish robust Monitoring, Reporting and Verification (MRV) strategies for different approaches using state-of-the-art Earth System Models (ESMs) and autonomous sensor technologies. Stakeholder-oriented governance frameworks will be developed that define the multi-dimensional interaction points through which responsible and effective governance of OCDR could be implemented and support the business development and investment needed to scale up OCDR. Finally, the parameterisation of ecological synergies and system-level trade-offs will enable OCDR to be incorporated into Integrated Assessment Models (IAMs) that identify which techniques are best positioned to support the transition to a climate-neutral and resilient society. Together these activities will enable SEAO2-CDR to advance the implementation potential of OCDR by supporting the characterisation and development of environmentally safe, socially acceptable, and economically viable approaches that can help realise global climate policies.

Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

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HORIZON-RIA - HORIZON Research and Innovation Actions

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Call for proposal

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(opens in new window) HORIZON-CL5-2022-D1-01-two-stage

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Coordinator

UNIRESEARCH BV
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 235 750,00
Address
DELFTECHPARK 37 J
2628 XJ DELFT
Netherlands

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 235 750,00

Participants (10)

Partners (3)

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