While reducing emissions remains fundamental in the fight against climate change, it's not the whole story. By 2050, we need to remove 10 billion tonnes of CO2 from the atmosphere every year to reach the goals outlined in the Paris Agreement. Supporting innovative solutions for removing CO₂ is essential.
It is critical that significant investment in carbon removal with a low risk of reversal begins now to reach the thousand-fold increase needed by 2050. A diverse portfolio of carbon removal and storage technologies should be supported to maximize the chances of scaling removals whilst minimizing the risks to biodiversity and food production from over-reliance on any one given approach at scale.
Promising cutting-edge durable carbon dioxide removal (CDR) solutions are emerging. But while 95% of CDR deals take the form of offtakes, where the buyer pays on delivery, what innovative CDR projects need is early-stage cash. These technologies require buyers’ support now, presenting an opportunity to catalyze technological development in line with the Oxford Offsetting Principles and to meet Beyond Value Chain Mitigation (BVCM) goals.
We need to bridge the gap between large offtakes from a small handful of companies on the one hand, and, on the other, the large number of carbon removal technologies needing cash today to bring their solutions down the cost curve.
What are Carbon Removals?
Curbing climate change requires not only reducing future emissions of carbon dioxide (CO₂) but also actively removing existing CO₂ from the atmosphere. This process, called carbon dioxide removal (CDR), uses different solutions to store CO₂ in the biosphere (the organisms on Earth) or geosphere (solid lands in Earth's crust and core) for the long term. Scaled approaches like tree planting and natural area conservation are important contributions to CDR. However, to remove the significant amounts of CO₂ already in the atmosphere and durably storing them in the geosphere, additional solutions are needed.
CDR innovation offers a promising avenue for accelerated and scalable CO₂ removal compared to relying solely on carbon removal to the biosphere. These solutions, while crucial to deploy alongside, and not instead of, emissions reductions for achieving global net-zero emissions, are still in their early stages of development. Rapid development and scaling will be essential to meet our climate goals.
Hover over the carbon removal technology types below, to learn more about each:
Our Accelerate CDR Program
No single solution is sufficient to achieve the targeted removals required to reach global net zero. This is why we offer a programmatic approach to fund a range of solutions to advance the sector. Our CDR program accelerates the deployment of new and high permanent carbon removal solutions by channelling companies’ cash to a wide range of rigorously-vetted projects that encompass the most innovative technologies in the field.
See our expertly created program breakdown below:
Unlocking the Removals Market
Removal technologies traditionally come with a substantial barrier to entry. With our curated program you can support a collection of projects on the cutting edge of carbon innovation.
- Expert guidance from CDR realists, not idealists, every step of the way. Navigating the complex landscape of carbon removal can be daunting, but our team of specialists is here to simplify the process. We've hand-selected the most innovative carbon removal technologies and provide in-depth education to ensure you have the knowledge and confidence to confidently pursue your sustainability objectives by contributing to the growth of these technologies.
- Supporting cutting-edge innovation. These novel technologies are in various stages of development, with methodologies under review. Funding now is crucial to propel these technologies toward maturity and unlock their full potential.
- Go beyond offsetting. Our advanced Accelerate CDR program empowers you to achieve ambitious Beyond Value Chain Mitigation (BVCM) goals and redefine sustainability leadership by contributing to the growth of innovative technologies.
How our Accelerate CDR Program works
Our corporate partners support our CDR program as part of their Beyond Value Chain Mitigation Strategy (BVCM). Through a combination of pre-purchase and off-take agreements, we facilitate carbon removal purchases and unlock capital for selected projects on behalf of our clients. We provide reporting on projects and distribute offset credits if and when they are delivered.
See the process below:
Webinar - How you can support CDR, featuring two project partners UNDO and Octavia
Ready to take climate action?
Speak with our experts about how our CDR program can empower you to achieve ambitious climate goals and redefine sustainability leadership today.
