Business Breakdowns
Carbon Removal: A Primer - [Business Breakdowns, EP. 89]
Dec 21, 2022
Nan Ransohoff, Head of Climate at Stripe and leader of Frontier's $1 billion commitment to carbon removal, dives deep into the state of carbon removal technologies. She discusses the critical role these methods play in achieving net-zero emissions by 2050 and highlights the challenges of building a sustainable market for them. Ransohoff emphasizes the importance of collaboration among businesses, government, and innovative strategies, reflecting on how corporate resources can drive impactful climate solutions. This conversation is essential for anyone interested in climate advocacy.
47:13
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Quick takeaways
- Carbon removal is an underdeveloped but vital part of the climate solution that requires accelerated development and scaling of carbon removal technologies.
- Achieving decarbonization involves transitioning to low carbon energy sources and reconfiguring the energy grid to support intermittent supply, which is essential to minimize emissions and their impact on the climate.
Deep dives
The importance of carbon removal in combating climate change
Carbon removal, or the process of pulling CO2 from the atmosphere and storing it permanently, plays a crucial role in addressing climate change. The world needs to reduce its annual emissions of roughly 50 gigatons of CO2 equivalents to net zero by 2050. To achieve this, both emissions reduction and carbon removal are necessary. While approximately 90% of the focus should be on emissions reduction, carbon removal is an underdeveloped but vital part of the climate solution. It became more prominent after the 2018 IPCC report, which highlighted the need for more carbon removal. The focus now is on accelerating the development and scaling of carbon removal technologies.
