👀 New Oxford Offsetting Principles released and CDR plays a key role 👀

🙌 We need all hands on deck to fight climate change and it’s encouraging to see so many countries and non-state actors pledging to achieve net zero emissions.

🌍 88% of global emissions, 92% of global GDP, and over 50% of the largest publicly listed companies are now covered by some form of net zero target.

☁️ While drastic emissions reductions need to be first and foremost the centre of our battle, the reality remains that offsetting will continue to play a critical role in net-zero targets. 

🛡️ In light of mounting concerns over carbon credit integrity and the imperative to align offsetting practices with net zero goals, the Smith School of Enterprise and the Environment - University of Oxford released their Revised Oxford Principles for Net Zero Aligned Carbon Offsetting.

⭐ Key highlights include:

--> Urgent calls to accelerate emission reductions

--> Close the carbon removal gap

--> Deploy durable carbon removals now

--> Harness the power of high-quality nature-based solutions

💡 With a focus on transparency, durability, and innovation, this research charts a course for organisations to navigate the evolving landscape of carbon markets and offsetting practices.

👏  Well done to the authors Kaya Axelsson and Injy Johnstone. 

🔗 Read the updated principles: here: https://www.smithschool.ox.ac.uk/sites/default/files/2024-02/Oxford-Principles-for-Net-Zero-Aligned-Carbon-Offsetting-revised-2024.pdf

#netzero #climatechange #carbonremoval

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