A new guide by the SustainAbility Institute by ERM and the Natural Climate Solutions Alliance, Natural Climate Solutions and the Voluntary Carbon Market, provides a comprehensive overview of the opportunities associated with Natural Climate Solutions (NCS) and their numerous socio-economic benefits to local communities and society at large.
Climate targets are not on track. People’s lives, business success, and natural systems are under threat from global warming if temperatures rise by more than 1.5 degrees Celsius. But, business can counterbalance unabated emissions through purchasing high-quality NCS carbon credits.
Staying on the 1.5°C pathway is critical if society is to avoid the worst of climate change. To achieve this goal, we must act now, starting by reducing global emissions by 43 percent from 2019 levels by 2030. All businesses must play a role in the 1.5°C pathway through deep decarbonization of their value chain (Scopes 1, 2, and 3) emissions.
However, value chain decarbonization is not enough. As the journey to net zero requires time and resources while drawing down emissions year over year, yearly emissions remain unabated. The urgency of the climate crisis requires that businesses demonstrate leadership by counterbalancing year on year their annual unabated emissions through the purchase of high quality Natural Climate Solutions carbon emissions reduction and removal credits.