Oxford researchers propose a "Carbon Removal Budget" to allocate finite carbon removal capacity for net-zero emissions.

Oxford researchers propose a "Carbon Removal Budget" to address climate change, alongside the existing Carbon Budget that governs global CO2 emissions. The new budget aims to value and allocate finite carbon removal capacity fairly and effectively, prioritizing methods and equitably distributing supply between countries, companies, and financial institutions. This budget is crucial for reaching net-zero emissions, as carbon removal methods like planting trees and biochar are essential.

August 06, 2024
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