An environmental think tank released a first-of-its-kind framework yesterday for measuring emission reductions from carbon capture and storage projects. The Center for Climate and Energy Solutions, formerly known as the Pew Center for Global Climate Change, said the blueprint should inform policymakers grappling with whether to incentivize carbon capture and storage (CCS), a concept that envisions grabbing carbon dioxide from industrial facilities or coal plants and storing the gas underground.

The new framework compiles existing formulas from various sources for measuring the greenhouse gas reduction benefit of CCS and provides them a central hub. "You can't manage what you're not measuring," said Janet Peace, vice president of markets and business strategy at the center.