'The time for corporate action on carbon removal is now.' That was one of the key messages from our second annual Carbon Removal Summit, organized in partnership with Reuters Events, where we brought together corporate sustainability leaders with who's who in the CDR industry. Here are the key takeaways from the event: 1️⃣ Get started today. Investing in CDR now can secure supply and pricing over the coming years, prepare your organization for future regulations, and build your brand and reputation. Meaningful action today creates real, long-term impact, both within your organization and for the industry as a whole. 2️⃣ Trust was a hot topic throughout the Summit. Companies need to be able to #trust their carbon removal investments. The digital trust infrastructure —standards, digital Monitoring, Reporting, and Verification (#MRV), and insurance— provides necessary #transparency on credit quality and de-risks investments. Businesses can leverage this infrastructure to make informed investment decisions without needing in-house scientific expertise or extensive resources. 3️⃣ Scaling the carbon removal industry requires the innovation, implementation, and scaling of a diverse range of carbon removal technologies, and we are seeing exciting progress as technologies and projects begin to come online all over the world, from BECCS in Scandinavia to DAC in Kenya. 4️⃣ CDR policy is moving forward at a remarkable rate. We expect to see a compliance market join the purely voluntary market soon as momentum in CDR policy increases across Europe. This means action now can prepare your organization for regulations ahead, and derisk corporate engagement further. 5️⃣ Innovations in buyer agreements are helping reduce costs and securing attractive pricing on carbon removal now. Multi-year agreements, framework arrangements, and buyer clubs can help organizations get the benefits of carbon removal more cheaply than ever before. And we were thrilled to be able to announce our groundbreaking 7-year contract with Swiss Re to supply a minimum of 70,000 tonnes of biochar carbon removal (#BCR) credits, providing access to multiple high-quality carbon removal projects under a single contract, starting with 70,000 tonnes of BCR credits from the key supply partner Exomad Green! ➡️ Learn more about this partnership here: https://lnkd.in/e52A6Hvu We want to thank the incredible speakers, our CDR Innovation Showcase sponsors, Reuters Events, and the over 100 corporate sustainability leaders and leading experts in CDR who attended this year’s Carbonfuture Carbon Removal Summit. It was an incredible opportunity to come together, share innovative ideas and solutions, and drive action. We can’t wait for the next one! #carbonremoval #climateaction #cdr #netzero #CarbonfutureCDRSummit24
Congratulations on this event and your exciting new partnership! I love seeing this momentum. Very sad to have missed this, but look forward to catching up again soon Dominic Lüdin and Stacy Yee
Climate Advocate | Policy @ Carbonfuture | Founder @ CDRjobs | Chair @ DVNE | Ex-Merkel, World Bank, Tech Entrepreneur | UCL-Cambridge-Harvard 🇩🇪🇪🇺🇮🇹
2wGreat event! Let's hope it will drive more corporate action. We need it!