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London-based carbon credit ratings startup BeZero Carbon said it had raised $32 million, with proceeds aimed at enabling the company to expand into new markets, and to grow its capabilities and its team.
If we don’t act now and halve our global emissions by 2030, we simply won’t reach netzero emissions by 2050 – it’s as simple as that.” Authored by some of the world’s top climatescientists and scholars, the report found the impacts of climate change would be significantly more treacherous to human life if that threshold was breached.
Over the last decade and a half, a standard form has emerged in which governments and corporations have made their promise to do so: the net-zero target. As a strategy, the net-zero target has been criticized by climate advocates; at its worst, it can be a vague, unenforceable greenwashing program. In the U.S.,
Earlier this year, she said DAC will one day help Occidental bring its operations to net-zero, allowing it to continue investing in oil extraction. “We But CDR is not a replacement for deep emissions reductions, said climatescientist and IPCC author Zeke Hausfather. Anyone who says differently is selling something.”
The financing marks the largest capital raise in the UK this year, and brings the total raised by BeZero Carbon to more than $70 million in the past year. Starting with carbon, effective ecosystem markets have huge potential to accelerate the NetZero transition and generate economic prosperity.
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