CarbonSmart '24: The Rising Significance of Carbon Removal in the Carbon Markets
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October 3, 2024
At the CarbonSmart Summit 2024, experts delved into the expanding role of carbon removal in a session titled "The Rising Significance of Carbon Removal in the Carbon Markets," moderated by Caroline Kaltt, COO of Flowcarbon. The panel covered critical solutions like direct air capture, biochar, soil carbon, and regenerative agriculture, all essential for achieving net zero targets. Key challenges in scaling nature-based solutions (NbS) were addressed, emphasizing the need for strong policy frameworks and building credibility across carbon removal projects.
The panel featured experts and practitioners who added their own unique perspective to the conversation:
Elizabeth Aldrich, VP of Business Development at Anew, emphasized the importance of addressing both reductions and removals in tackling climate change: "What do you do first in an overflowing bathtub? Turn the water off or start mopping?" Anew is actively integrating removals into the broader carbon market framework.
Joseph Kochanski, Head of Operations at Puro.earth (Americas), stressed the significance of scaling ecosystems for carbon removal and securing long-term durability of removal certificates: "Building out the ecosystem now is crucial to ensuring climate actions are recognized and rewarded."
Simon Haldrup, CEO of Agreena, focused on agricultural carbon removal through regenerative practices, underlining the need for diversification to mitigate non-permanence risks: "Changing farmer behavior is key to driving carbon sequestration at scale."
Luke Shors, President and Co-Founder of Capture6, spoke on direct air capture and the importance of delivering quality projects: "Our role is to develop strong projects and let the market reflect the diversity of removal activities."
This session underscored the complex but tremendously important landscape of carbon removal: the opportunities, hurdles and innovations in the space.
