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Bridging the corporate ambition gap
Our webinar event ‘Bridging the Corporate Ambition Gap’ during COP27 assembled an esteemed group of climate experts from Stripe, Klarna, Milkywire, the UK’s Committee on Climate Change and the Science Based Targets Initiative to discuss the scaling of corporate funds for carbon removal and wider climate action.
On 16 November, we hosted a webinar to mark the launch of our report ‘Bridging the Ambition Gap: A framework for scaling corporate funds for carbon removal and wider climate action’, co-authored by Robert Höglund (Marginal Carbon AB, Milkywire) and Eli Mitchell-Larson (Carbon Gap). Robert Höglund presented key insights from the report, highlighting new analysis on how corporate climate action can be benchmarked and the large contributions in spend that could be unleashed towards high impact climate projects. Here is a copy of his presentation. Bea Natzler at the Climate…
Stakeholder Conference: Making the case for European leadership in carbon removal.
“This is the most important event on carbon dioxide removal in Brussels so far,” said Dr. Oliver Geden, Senior Fellow at the German Institute for International and Security Affairs and Lead Author, IPCC AR6 Working Group III (climate change mitigation) during Carbon Gap’s first high-level Brussels event Bridging the Gap: the Case for European Leadership in Carbon Removal.
Held on 26 October 2022, the event gathered over a hundred EU and national policymakers, industry, academia, and civil society representatives to exchange views on how to ensure the development of a robust European carbon dioxide removal (‘CDR’) policy framework that enables these innovative technologies to scale up at the required pace. In his welcoming remarks, CEO Glenn Morley introduced the audience to Carbon Gap’s goal to address policy, knowledge and ambition gaps to unlock the potential of carbon removals. In his keynote speech on CDR 101: What is carbon removal…
Key Takeaways
A series of high-level recommendations on CDR emerged during the event, including:
- The EU and its Member States need to develop policies for the scaling of carbon dioxide removals in order to ensure that gigaton scales of removals, necessary to meet the Paris Agreement goals, can and will be reached.
- The upcoming carbon removal certification framework proposal should: ensure real climate benefit of certified removals; create trust from a wide variety of stakeholders including policymakers, removal providers, and purchasers; be dynamic by design – flexible and capable of change as CDR methods and methodologies evolve; transparently provide necessary data of certified carbon removal activities; and define quality criteria and baselines for aspects such as additionality, storage durability, sustainability, and greenhouse gas leakage.
- Appropriate funding mechanisms of relevant sizes need to be developed or adapted to provide required funding and support for carbon removal market building.
- The EU needs to recognize its opportunity to become a leader on carbon removals, while also increasing efforts on carbon removals to remain competitive, by continuously advancing and mainstreaming required carbon removal policy.
Interviews
