The official rules of the Carbon Dioxide Removal (CDR) Purchase Pilot Prize have been modified. All modifications are highlighted in yellow in the document.
Modifications include:
- Removal of 1,000 tonne per year minimum delivery requirement
- Clarification of Phase 2 and Phase 3 timelines
- Clarification of Phase 1 TEA requirements
- Clarification that CDR credit price may be lower than levelized cost per tonne
- Clarification that the Phase 1 Cover Letter will be made public
