Carbon Removal and Avoidance
Emissions caused by human activities have already raised the average temperature of the earth by approximately 1°C. Scientists tell us that if warming reaches 1.5°C we can expect major disruption to human and natural systems and irreversible damage to our world, particularly to ecosystems. We are already witnessing increasing volatility in weather and sea-level rise. All pathways to keeping global warming below 1.5°C require both reducing our emissions to net-zero AND actively removing carbon dioxide from the atmosphere. While there are many carbon avoidance projects, carbon removal is under-represented in the carbon markets and currently more difficult to achieve. The sooner carbon removal efforts are scaled up, the less likely it is that we will overshoot the 1.5°C, so it is of critical importance. See here for an excellent summary
One of our partners, Puro.earth, is entirely dedicated to expand and bring finance to removals projects, an effort we whole heartedly applaud and support. Our portfolio will always include both types of projects and we will work towards a ratio of removal and avoidance credits that matches current scientific advice on the most efficient pathways to avoiding global warming.
