Who should pay for carbon removal?

“We find that companies with the lowest emissions can generate the most money for climate.“

We find that companies with the lowest emissions can generate the most money for climate. Both in relative and absolute terms. In the report, we look at a subset of the world’s biggest companies, finding that firms generating around 15% of emissions generate 85% of profits. Many of them make profits between $10,000 to $100,000 per tonne of CO2 emitted. The inverse is also true, companies causing around 85% of emissions collect only 15 % of profits. This illustrates the limitations of the polluter pays principle for financing external climate solutions.

A sample of companies’ spending on carbon removal, carbon credits and other climate projects shown from three perspective, builds on publicly available data (2021 data). See more details in the report Bridging the ambition gap.

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Robert Höglund

Robert Höglund

Advising companies and organizations on carbon removal and climate.