CoAct Database
A Carbon Removal Commitment for Countries
Ahead of the 2019 UN Climate ACtion Summit, we are inviting companies across all relevant industries to make a public commitment to do the following±
- Measure and manage carbon removal across your value chain
- Collaborate with other companies to address key barriers to scale
- Invest in implementing carbon remova solutions
- Advocate public policies that incentivise carbon sequestration
A commitment to help scale up carbon removal builds on an ambitious mitigation target (science based targets). Therefore this initiative is additional to existing commitments to cut emissions . An initial cohort of companies will be recruited during 2019 and the initial list of signatories will be unveiled at the UN climate action summit in september 2019. To facilitate ongoing collaboration between companies and other key stakeholders, UN Global Compact, Volans and WRI will host a set of working roups to address key topics, such as: scaling biological carbon sequestration in agricultural supply chains; creating new markets for CO2-based products; developing and advocating policy solutions
| Activity period | 2019–2019 |
| Last CoAct update | n/a |
| Web URL | https://wedocs.unep.org/bitstream/handle/20.500.11822/28833/47.Carbon_Removal_Commitment.pdf?sequence=1&isAllowed=y |
| Output effectiveness | 0.50 |
| Accountability Index | 0.00 |
| Inclusiveness Index | 0.00 |
| Capacity Index | 0.11 |
| Num. actors | 0 |
| Functions | Knowledge dissemination, Technical implementation |
| SDGs | |
| Themes | energy |
| Policy focus | Mainly mitigation |
| Sectors | No clear economic sector |
| Implementation countries |
| Target | Target type |
|---|---|
| No targets have been defined | |