Environmental Finance features ACR’s Mary Grady
Mary Grady
This column was originally published on Environmental-Finance.com on Sept. 6, 2024.
“Carbon removals vs. reductions misses the moment,” an essay by ACR Executive Director Mary Grady, was published in Environmental Finance, an online news and analysis service that reports on sustainable investment, green finance and environmental markets.
“When you’re in a hole, the first rule is to stop digging. Today, the world finds itself in a climate hole, yet we dig ourselves deeper by continuing to emit climate-changing gases into the atmosphere,” Grady writes.
“Despite this reality, there’s an emerging perception that, when it comes to carbon credits, removals – pulling carbon out of the atmosphere and sequestering it in long-term storage – are preferable to or more impactful than emissions reductions. This is demonstrated by increasing corporate hesitation about reduction-based carbon credits, on the one hand, and a raft of high-profile removal-based agreements and initiatives, on the other.
“While all corporate leadership should be applauded, this ‘either/or’ approach is dangerous for climate action. For the atmosphere’s balance sheet, emission reductions and removals are both vitally important.”
To read the full piece, please go to acrcarbon.org.
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