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Quick-Start Guide to Exploring Carbon Removal Investments at Your Organization
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INTRODUCTION
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This guide and accompanying toolkit was developed by the Business Council on Climate Change (BC3) in collaboration with Carbon180, Anthesis, Atlassian and Autodesk.
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It is intended to help companies and organizations make sense of the dynamic carbon removals market, and start thinking about how to craft a carbon removal commitment
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The time is now to act boldly on climate. Your investors, employees and customers are demanding it. While the carbon removal space is still immature and in many ways uncharted territory - there is a huge opportunity for companies to invest in the innovation required to scale solutions that will help the world meet our global climate goals. The science is stark and it is clear. We cannot meet our global climate goals with emissions reductions alone - we need carbon removals.
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A number of corporate climate leaders have emerged, making major announcements to help build the market for carbon removals. While there is no silver bullet approach, this is the moment to send strong market signals about the demand for high-quality projects that make verifiable impacts on climate change, and also center on equity, local and global co-benefits, and more. Your voice and your investments can help shape the future now.
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In this workbook you will find:
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Tab 1Background: Important context & an overview of how a removals strategy fits into your key climate goals
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Tab 2Best practices for developing & implementing a removals strategy
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Tab 3Matrix of Removal Project Types
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Tab 4Removal Project Criteria: Considerations for project selection; draft guidance from SBTi; info from Stripe & Microsoft RFPs
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Tab 5Corporate Announcements on Removals
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Tab 6Resources
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Contact:Contact Maura McKnight (maura@bc3sfbay.org) if you have feedback, updates, and/or resources to share regarding carbon removals, or if you'd like to explore ways to collaborate on our removals convenings in the future.
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