The Science Based Targets Initiative (SBTi) recently came out and announced they would be issuing guidance for how some carbon offsets may be used to address Scope 3 emissions (activities beyond direct business operations and energy). This set off a firestorm of protest within and outside of SBTi, as well as some calls of support.
It was essentially a tabula rasa one could project one's carbon hopes and fears onto: would this lead to increased financing of sustainability efforts, or result in a race to the bottom of low-quality credits finding a new market? Something in-between, or just too early to tell?
In today's episode of Carbon Removal Newsroom, host Radhika Moolgavkar, Nori's VP of Supply and Methodology, is joined by her business panelists Susan Su, a venture capitalist at Toba Capital, and Na'im Merchant, the Co-founder and Executive Director of Carbon Removal Canada, to make sense of this news.
They also cover other CDR industry headlines from April, including sustainable aviation fuel, biochar in the global south, and significant subsidy announcements from Denmark and Canada for carbon removal projects.
On This Episode
Resources
"Inside the Controversy That's Divided the Carbon Offsets Market" at Bloomberg
"Carbon Offset Market Faces Chaos as African Mega-Project Collapses" at Bloomberg
"Removals are better than some reductions - The case of electrofuels for aviation" by Robert Höglund