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Carbon Management Challenge: Difference between revisions
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{{ | {{Program | ||
|ProgramName=Carbon Management Challenge | |||
|ProgramType=Program | |ProgramType=Program | ||
|OrgSponsor=Office of Fossil Energy and Carbon Management | |OrgSponsor=Office of Fossil Energy and Carbon Management | ||
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'''Carbon Management Challenge''' is a Department of Energy initiative led by the Office of Fossil Energy and Carbon Management that encourages organizations across the United States to purchase high-quality carbon dioxide removal (CDR) credits, amplifying DOE’s $35 million CDR Purchase Pilot Prize and engaging over 2,000 stakeholders as of 2025. Launched in 2024 following a March notice of intent, the Challenge has recognized 24 semifinalists for leadership spotlights planned for 2025, fostering transparency in the CDR market through a public leaderboard, with post-Hurricane Helene efforts enhancing resilience by connecting buyers and suppliers to scale removals nationwide. | '''Carbon Management Challenge''' is a Department of Energy initiative led by the Office of Fossil Energy and Carbon Management that encourages organizations across the United States to purchase high-quality carbon dioxide removal (CDR) credits, amplifying DOE’s $35 million CDR Purchase Pilot Prize and engaging over 2,000 stakeholders as of 2025. Launched in 2024 following a March notice of intent, the Challenge has recognized 24 semifinalists for leadership spotlights planned for 2025, fostering transparency in the CDR market through a public leaderboard, with post-Hurricane Helene efforts enhancing resilience by connecting buyers and suppliers to scale removals nationwide. | ||
{{ | {{Official URL (simple)|url=https://www.energy.gov/fecm/voluntary-carbon-dioxide-removal-purchasing-challenge}} | ||
==Goals== | ==Goals== | ||
* Catalyze private sector investment in high-quality CDR credits.< | * Catalyze private sector investment in high-quality CDR credits.<ref>"Carbon Management Challenge Overview," U.S. Department of Energy, https://www.energy.gov/fecm/voluntary-carbon-dioxide-removal-purchasing-challenge, accessed February 22, 2025.</ref> | ||
* Enhance CDR market transparency via a public leaderboard. | * Enhance CDR market transparency via a public leaderboard. | ||
* Scale CDR to support net-zero emissions by 2050. | * Scale CDR to support net-zero emissions by 2050. | ||
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[[Category:Programs and initiatives]] | [[Category:Programs and initiatives]] | ||
[[Category:Programs]] | |||
[[Category:Department of Energy]] | [[Category:Department of Energy]] | ||