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While the pledge provides limited detail on the measures it will take to slash the carbon emissions of its portfolio or operations, the bank said it would establish "clear, measurable pathways" to net-zero using the ParisAgreement's Capital Transition Assessment Tool (PACTA). Pull Quote. Finance & Investing.
Natural carbon sinks, carbon mineralization and direct-air capture are early focus areas for Stripe’s 2019 Negative Emissions Commitment , which aims to spend at least double in these areas compared with what it pays for carbonoffsets. The company cleaned up in sales, and it’s going on an advertising offense.
The reasoning is simple: A traditional carbonoffset only prevents additional CO 2 from entering the atmosphere (instead of removing already-emitted CO 2 ). As a result, since it does not physically undo the emissions of the purchaser, there is no quantity of traditional offsets that can, at scale, get the world to net-zero.
There are other areas in which the TPT will have to set their own expectations, spanning from reliance on carbonoffsetting and carbon capture and storage (CCS) technologies to transparency on climate lobbying. . C of global warming promised by signatories of the ParisAgreement. . Throwing down the gauntlet
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