Saturday, November 23, 2024

Google, Meta, Microsoft & Salesforce’s Carbon Coalition

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Carbon removal projects explained

A Google press release explains that nature-based carbon removal projects, like the restoration of trees and mangroves in damaged ecosystems, are “an important tool to mitigate climate change and a scalable way to remove carbon dioxide from the atmosphere”.

It adds: “But nature is complex and dynamic and it’s full of interdependent ecological and economic systems. This means the climate impact of these projects can be hard to measure and verify, which in turn makes it difficult to scale these projects to their full potential.”

This is where Symbiosis comes in.

Google says: “Symbiosis will work to solve this by setting a new benchmark for best-in-class nature restoration projects that have a high certainty of positive climate impact.

“We’ll develop shared criteria for project design and measurement, update these criteria based on the latest science and pool demand for carbon removal credits that meet our high bar.”

It says the coalition will focus minds on other factors that make nature restoration projects so compelling, from restoring native species and wildlife biodiversity to equitably involving and compensating Indigenous and other local communities.

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