We need to scale up carbon removal. Especially ‘novel’ carbon removal technologies. ASAP.
That’s the main argument of the newly published report ‘The State of Carbon Dioxide Removal’, led by researchers at the University of Oxford’s Smith School of Enterprise and the Environment.
The report finds that there is a fundamental gap in carbon removal: between the amount that scientific models show is needed to meet climate targets, and the reality of expected availability at current levels.
The researchers involved in the report conducted a detailed analysis of the current state of Carbon Dioxide Removal – current availability, and expected future availability based on techniques and projects under development. They also compared this with the models and scenarios which define how much carbon removal we need to achieve in order to stick with our global climate target of keeping warming below 1.5 degrees by 2050.
The main findings are as follows.
To read the full report, go to The State of Carbon Dioxide Removal website.
Alongside policymakers, businesses also have an important role in the scale up of novel CDR – as buyers of carbon removal.
Committing to buying carbon removal from early-stage, innovative carbon removal technologies is arguably the most impactful climate action a business can take.
We’ve seen in this report how vital CDR technologies are for reaching climate targets – without novel CDR capacity growing significantly, we simply won’t be able to meet those targets. So, whether it’s to fulfil your net zero target, or simply a commitment to contributing to high-potential carbon removal, we’d encourage all businesses to include carbon removal purchases in their sustainability plans and climate initiatives.
Read more on this topic in our article: Every company should be buying carbon removal today – here's why.