Key Points
For the world to hit net zero, carbon removal is going to be essentialtheres simply no way to reverse humanitys impact on the climate without extracting carbon from the air..
That needs to increase 14,000 times, to 10 billion tons annually, by 2050 if targets are to be met...
Michelle You: So, about 95 percent of the market is made up of conventional emissions-avoidance offsetswhere you pay other people to stop emitting CO2, for example, by preventing a forest from being cut down or by switching a project from coal to renewables...
And so at Supercritical, what we do is source and vet carbon-removal suppliers on our platform to help companies get to net zero using only these types of offsets..
Really, its asset-light businessessoftware companies, financial institutions, consultancies, law firmsthat have the most propensity to buy right now, both because the price of removals is high and the biggest impact these businesses can have on their overall emissions is through buying carbon removal...
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It’s Time to Get Serious About Carbon Removal
14, Nov, 23If the world is to reach net zero, billions of tons of carbon dioxide need pulling from the air every year. At the moment, the global carbon removal system extracts less than 0.01 percent of that.