This paper, written by Systemiq and commissioned by Onyx Transition, outlines the case for early decommissioning of the most carbon-intensive oil supply sources, and doing so through carbon credits to deliver immediate impact at scale. The report underscores the need for near-term action by highlighting climate tipping points that loom dangerously close and their expected damage effect.
The report further places a carbon credit to eliminate oil supply (EOS) in context of the voluntary carbon markets. We find that a high-integrity EOS credit offers a unique proposition to the market: a credit that performs well on all criteria and outperforms on permanence and time-value-of-carbon. Based on these characteristics such a credit warrants robust pricing.
