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Big Businesses Are Doing Carbon Dioxide Removal All Wrong
The technology is needed to limit global warming. But corporations are supporting it in lieu of reducing emissions.
Achieving net-zero greenhouse gas emissions by 2050 will require removing carbon dioxide from the atmosphere, according to the Intergovernmental Panel on Climate Change, the world’s foremost authority on the topic. A new report from the NewClimate Institute, a European think tank, finds that 35 of the world’s biggest businesses are leaning on short-term tree-planting and other forms of “nondurable” carbon removal in order to say they’ve neutralized some of their climate pollution. John Reilly, a senior lecturer emeritus at the MIT Sloan School of Management, said that ultimately, proper regulation of corporate climate commitments—including of durable CDR—will fall on governments.
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