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Today we\u2019re announcing that we\u2019re co-founding Symbiosis, a new coalition of corporate buyers committed to following the latest science to scale high-quality, nature-based carbon removal.<\/p>\n
Nature-based carbon removal projects, like the restoration of trees and mangroves in damaged ecosystems, are an important tool to mitigate climate change and a scalable way to remove carbon dioxide from the atmosphere. But nature is complex and dynamic, and it\u2019s full of interdependent ecological and economic systems. This means the climate impact of these projects can be hard to measure and verify, which in turn makes it difficult to scale these projects to their full potential.<\/p>\n
Symbiosis will work to solve this by setting a new benchmark for best-in-class nature restoration projects that have a high certainty of positive climate impact. We\u2019ll develop shared criteria for project design and measurement, update these criteria based on the latest science, and pool demand for carbon removal credits that meet our high bar. We’ll also share our project criteria publicly, helping other companies to adopt best practices and increase their confidence in high-quality, nature-based carbon removal projects.<\/p>\n
We\u2019ll also bring focus to other factors that make nature restoration projects so compelling \u2014 from restoring native species and wildlife biodiversity to equitably involving and compensating Indigenous and other local communities.<\/p>\n
Symbiosis draws from our experience co-founding Frontier, which has successfully deployed an advanced market commitment to accelerate breakthrough human-made technologies that can store carbon for over 1,000 years. Symbiosis will take a similar approach to the carbon-capturing abilities of nature itself. Both coalitions are an important part of our goal to reach net zero by 2030.<\/p>\n
Fellow members of this initiative include McKinsey & Company, Meta, Microsoft, and Salesforce \u2014 with more companies expected to join over time. We\u2019re excited to help kickstart solutions that will help us and others reach net zero.<\/p>\n<\/div>\n