Philanthropy Beyond Carbon Neutrality
How near-term grants to carbon removal can make long-term climate goals a reality (March, 2016)
"The lack of policy and industry support for carbon removal opens the door for philanthropies to ignite the development of the field."
Achieving the goal of limiting warming to 2 degrees will require drastic CO2 emission reductions, and efforts to clean up excess CO2 from the atmosphere. While these carbon removal (or “negative emissions”) strategies can offer myriad co-benefits beyond meeting climate targets — from new opportunities for growth in a low-carbon economy to enhanced ecosystem services and climate resiliency for communities around the world — governments and businesses have provided negligible support for the carbon removal field to date.
Philanthropies have been successful in catalyzing greater public and private sector support for important, under-the-radar issues — exactly what the carbon removal field needs today. This report explores how near-term philanthropic grants can catalyze the development of carbon removal solutions and make our long-term climate goals a reality.