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OSCAR: A New Open Standard Agreement for Carbon Removal Transactions
A new contractual framework, The Open Standard Carbon Removal Agreement (OSCAR), was launched during the COP30 to address legal inefficiencies in the carbon dioxide removal (CDR) market. Developed by a group of industry veterans (Glenn Morley, Jason Grillo, and Elena Pérez Celis, with Peter Mayer providing pro bono legal advice), OSCAR aims to serve as a standardized baseline for offtake purchases of carbon removal credits. Here is a link to the blog post article of CDR.fyi
Peter Mayer
Dec 1, 20252 min read
Security Interests in the Article 6.4 Mechanism Registry
The fight against climate change depends on the ability to scale carbon reduction and removal projects through effective carbon markets....
Peter Mayer
Aug 24, 20253 min read
Deconstructing the Legal Nature of Voluntary Carbon Credits
Voluntary carbon credits (VCCs) have emerged as a critical tool in the global fight against climate change. These credits, which...
Peter Mayer
Aug 24, 20259 min read
Market Convergence: The Integration of Voluntary and Compliance Mechanisms
The global push to achieve net-zero emissions by 2050 has placed carbon markets at the forefront of climate action. These markets, which...
Peter Mayer
Aug 24, 20256 min read
The Need for Strong Carbon Management Policies
Carbon Dioxide Removal (CDR) is a crucial strategy for addressing the climate crisis, but its large-scale implementation requires strong...
Peter Mayer
Aug 24, 20254 min read
Carbon Dioxide Removal: An Essential Pathway to Net Zero
As the impacts of climate change grow more severe, addressing the root causes of global warming has become a top priority for nations,...
Peter Mayer
Aug 24, 20255 min read
EU-UK Carbon Market Integration: Pathways for CDR & Climate Policy
The European Union and the United Kingdom are pursuing distinct yet increasingly interconnected paths to integrate carbon dioxide removal...
Peter Mayer
Aug 24, 20253 min read
UNIDROIT's Draft Principles on Verified Carbon Credits
Any given market needs certainty regarding the characterization under private law of the thing that is being traded. Indeed, such legal...
Peter Mayer
Aug 24, 20254 min read
ICJ Advisory Opinion on Climate Change: What It Means for State Accountability
Introduction On 23 July 2025, the International Court of Justice ( ICJ ) delivered a historic advisory opinion clarifying the legal...
Peter Mayer
Aug 24, 202510 min read
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