Understanding the Carbon Removals Landscape: Creating Clarity in an Opaque Market

Lasting mitigation of carbon is critical for keeping emissions within the temperature goals set 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 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 climate 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 entirely nascent and many unanswered questions exist around project-level criteria, methodologies, and scalability;