Reaching Climate Objectives: the Role of Carbon Dioxide Removals

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This ETC Consultation Paper aims to provide a conceptual framework for assessing the role of carbon dioxide removals in meeting emissions reduction and climate objectives. The goal is to gather perspectives and insights from stakeholders in industry and the climate science community to consult on the appropriate and feasible role of carbon dioxide removal in net-zero pathways to limit warming to 1.5°C. Ultimately, it aims to inform the way net-zero targets are set by countries and corporates. One of the underlying assumptions is that emission reduction targets are essential to get to net-zero in 2050, and that carbon dioxide removals should complement, not replace, emission reduction measures.

The paper assesses the need for carbon removals, the technologies which can provide them, and alternative options for financing them. Illustrative scenarios are used to provide indicative orders of magnitude; estimates will be refined through more detailed sectoral work (undertaken in partnership with the Mission Possible Partnership) over the coming months.

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