Key Trends and Terminology in Achieving Tangible Emissions Reduction

Removal Credits: The new FOMO

Removal credits, also known as carbon removal credits, are a vital tool in the fight against climate change. These credits represent verified efforts to remove one ton of CO2 already present in the atmosphere, often through methods like Biochar, Bioenergy with carbon capture and storage or direct air capture. By investing in removal credits, business can greatly impact the climate change efforts. There is increasing purchase agreement for the carbon removal credits.

Google’s $100 Million Initiative on Carbon Removal
Google’s bold $100 million investment in carbon removal technology, last year, marks a significant step in addressing climate change. Initially, they had targeted for $33 million for the year, and have signed contract for $100 million across the globe. This move highlights the growing importance of corporate responsibility in reducing global emissions and advancing environmental innovation.

Additionality: Ensuring Real Impact
The concept of additionality is critical in ensuring that carbon offset projects deliver real, measurable results. A carbon project is incomplete without additionality. In layman terms, it means what would have occurred without external support, ensuring true environmental benefit. The external push can be financially, technologically or capital based. This principle is increasingly being adopted across industries to drive genuine sustainability.

Credit Retirement: Closing the Loop on Carbon Emissions
Credit retirement refers to the permanent removal of carbon credits from circulation, ensuring that they are not reused or resold. The credit retirement is always named to an individual or a company. This process guarantees that the carbon savings achieved are locked in and not double-counted, further advancing global climate goals.  

Renewable Energy: The Backbone of a Sustainable Future
Renewable energy remains the cornerstone of global efforts to transition to a low-carbon economy. With the textile industry increasingly shifting toward solar, wind, and other renewable sources, the sector is aligning with both environmental and economic goals. Renewable Energy technology include solar, wind, geo-thermal, hydro, bio-mass technology. Nuclear and methane are not part of renewable energy technology.  

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