Latest / The Carbon Removal Scoop
13 | SBTi: Step forward or missed opportunity for CDR? - with Robert Höglund
8,000 companies have emission reduction targets validated by the Science Based Targets initiative. Only around 50 of them have so far purchased durable carbon removal.
Imagine if all of them purchased CDR? The impact could be >50Mt of demand. Per year. Starting from 2030.
On March 18th, the SBTi released the draft net-zero standard 2.0 which marks a potential inflection point. Will it:
Drive companies to begin CDR purchases immediately?
Keep CDR voluntary until the 2040s?
Inadvertently push companies away from SBTi due to concerns about mandatory CDR costs?
To make sense of this wide…
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