Lasting mitigation of carbon is critical for keeping emissions in line with the goals established in the Paris Agreement. Backed by the IPCC, Science Based Target Initiative, and the United Nations’ Race to Zero Campaign, carbon removals pose a huge opportunity to help meet the crucial 1.5 degree or less global warming trajectory. These initiatives mandate corporations’ use of carbon removal to address remaining emissions in their net zero target year and to contribute to global decarbonization on their path to net zero.
For the voluntary carbon markets to meet the growing demand for carbon removals, rapid progress must be made to expand the supply. The carbon removal market is nascent, however, and many unanswered questions exist around project-level criteria, methodologies, and scalability. New innovative pathways for removing and storing carbon are ever-emerging and standards bodies are still shaping methodologies for these types of projects.
With so little concrete guidance, how can organizations help support a thriving carbon removals market that will meet the demands of a net zero economy? A new white paper from EM Strategic Supporter 3Degrees, “Understanding the carbon removals landscape: Creating clarity in an opaque market”, starts to answer that question.
Download this resource to learn more about:
- the current carbon removals market
- possible carbon removal procurement pathways
- key considerations and screening criteria for corporate carbon removal buyers
- actions that scale up supply for carbon removals
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