This article by @jtemple that came out just prior to the election should be essential reading for all sustainability officers trying to figure out how to achieve their CEO's net zero pledges. Companies need to learn from past experience with offsets.
technologyreview.com/2020/11/02/101…
technologyreview.com/2020/11/02/101…
Avoiding a repeat of past missteps with offsets means having a red team of experienced offset critics; this should be a priority for any firm aiming for net-zero and to actually have that claim stick. It's great to work with nature-based CDR providers. But that's not sufficient.
And the risks are very real. There are risks in terms of what "counts" towards achievement of a net-neutral goal. There are risks in terms of reputation and brand that are incredibly important. And there may be real missed opportunities to find reductions in other sectors.
The fact that this learning does not appear to be happening should be a real concern. For the firms. For the groups advocating for nature-based CDR. And for climate advocates that don't want to see the current moment of corporate climate engagement wasted.
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