Why
The sustainability, regulatory and ultimately business rationale for removing carbon from the air
Carbon is increasingly a compliance liability.
The technology exists to reduce 90% of our emissions by 2050. The remaining 10% need to be removed from the air, if we want to reach Net Zero.
Operating in a jurisdiction with a legally binding net zero target therefore means there is a compliance liability given by:
The amount un-avoided of carbon emission
The cost of removing these un-avoided carbon
There is also a 1 trillion EUR business opportunity.
The scientific consensus is that we need to annually remove 10-15 billion tonnes of carbon by 2050. At an aspirational cost of 100EUR/t, this comes to a market of 1 trillion EUR.
Net Zero leaders taking tangible acting on net zero to build:
A brand with purpose for shareholders and employees
A competitive edge in a future growth market.
“All analysed pathways limiting warming to 1.5°C with no or limited overshoot use CDR [Carbon Dioxide Removal] to some extent to neutralize emissions [...] and also to achieve net negative emissions to return global warming to 1.5°C following a peak (high confidence)”