Table of Contents
- Climate Context and the Role of Carbon Dioxide Removal
- Goal and Scope of this Guidebook
- Carbon Removal Offtake Agreements (Offtake Agreements)
- Process for Carbon Dioxide Removal
- Stakeholders Ecosystem in Offtake Agreements
- Market Barriers and the Need for Structured Agreements
- Offtake Agreements as a Bridge to Scale
B. Open Standard Carbon Removal Offtake Agreement (OSCAR)
- Introduction
- OSCAR's Articles
- (a) Article I and Article II: Purpose, Definitions, and Term
- (b) Article III: Sale and Purchase of CDR credits
- (c) Article IV: Price, Payment, Taxes
- (d) Article V: Title Transfer
- (e) Article VI: Monitoring, Reporting, and Verification (MRV)
- (f) Article VII: Shortfalls
- (g) Article VIII: Representations and Warranties
- (h) Article IX: Public Announcements and Marketing
- (i) Article X: Environmental, Safety, and Reputational Issues
- (j) Article XI: Events of Default, Termination, Remedies
- (k) Article XII and Article XIII: Indemnities and Liability Caps
- (l) Article XIV and Article XV: Confidentiality, Intellectual Property
- (m) Article XVI: Insurance and Project Operations
- (n) Article XVII and Article XVIII: Sanctions, Anti-Bribery, and Anti-Corruption
- (o) Article XIX. Miscellaneous Provisions
- Additional Aspect: Conditions Precedent and Milestones
- Reversals and Leakages
- Right of First Offer (ROFO) / Right of First Refusal (ROFR)
- Conclusion
- Practical Steps for Negotiation
- Electricity Use and Accounting
- Governance, Standards, and International Alignment
D. Lessons Learned and Future Outlook
- The Importance of Standardization
- The Role of Transparency
- Balancing Flexibility and Certainty
- Future Directions
- Appendix A: Glossary of Key Terms
- Appendix B: Offtake Agreement Negotiation Checklist
- Appendix C: Resources
- Appendix D: Acknowledgements