Dec 4 2007
Climos, a company dedicated to removing carbon from the atmosphere, today announced that EcoSecurities has prepared a draft version of a methodology for Ocean Iron Fertilization, based on precedent established by the Kyoto Protocol’s Clean Development Mechanism.
This methodology has been delivered to DNV (Det Norske Veritas) for review, in preparation for its implementation at a specific project site. Climos and DNV recently signed a contract for project validation services.
Research and drafting of the methodology was led by Kevin Whilden, Climos Director of Market Strategy, together with Dr. Margaret Leinen, Climos Chief Science Officer; Dr. Anthony Michaels, Director of the Wrigley Institute for Environmental Studies at the University of Southern California; and Jessica Wade-Murphy of EcoSecurities’ Global Consulting Services practice.
“We are pleased to announce the completion of a key step in the development of the first methodology for Ocean Iron Fertilization,” said Dan Whaley, Climos CEO. “Climos is committed to working with the best partners in the industry to bring a robust and verifiable approach for this new technology to market.”
“Rigorously defined methods and comprehensive verification procedures are absolutely critical to the success of carbon sequestration methodologies and markets,” said Dr. Michaels, an oceanographer specializing in biogeochemistry, nitrogen and carbon cycling. He continued, “I applaud Climos in both the quality of this method and their willingness to involve independent scientific experts from major research universities in both the creation of the method and in its assessment. We all agree that we must set a very high bar for quality so that we know that carbon has been safely sequestered and we can balance these benefits with any potential costs and risks.”
Dr. Mark Trexler, Director of Global Consulting Services for EcoSecurities said, “EcoSecurities is committed to innovating leading edge methodologies for carbon reduction sectors and technologies that can help set the stage for the greater emissions reductions needs of future carbon markets.”
The elements of the methodology together with an overview of science and policy considerations were presented Tuesday at 10am in a panel session cosponsored by IETA (International Emissions Trading Association) at this year’s Conference of the Parties (COP 13) beginning in Bali this week.