To limit global warming and act on the climate emergency, emissions reductions are a priority, but not sufficient. Corporate net-zero targets won’t be achieved without carbon removal.
To limit global warming and act on the climate emergency, emissions reductions are a priority, but not sufficient. Corporate net-zero targets won’t be achieved without carbon removal.
To effectively address the climate emergency and limit global warming, reducing emissions is not enough. Achieving corporate net-zero targets necessitates integrating carbon removal strategies.
While Carbon Dioxide Removal (CDR) cannot replace immediate and significant emission reductions, it is a necessary part of strategies aimed at limiting global warming. The Science Based Target Initiative (SBTi) recommends that companies take action beyond their value chains, including purchasing high-quality CDR.
Risks of climate inaction include damage to reputation, commercial and financial repercussions, regulatory liabilities, and potential difficulties in securing sufficient carbon removal capacity. Therefore, companies should prioritize securing carbon removal capacity.
Establishing clear criteria for carbon removal is crucial. This involves considering factors like quality, scalability, co-benefits, and integrity when evaluating different CDR approaches.
A portfolio-based approach to investing in various removal solutions is beneficial. This strategy fosters synergies between nature-based and technological solutions, minimizes trade-offs, and builds resilience. It also enables support for diverse carbon removal methods, promoting innovation and aligning with broader sustainability goals.
Finally, transparent communication and active engagement are important for building support, trust, and driving momentum for carbon removal initiatives.