Big Tech Betting on Nature-Based Carbon Removals

My Climate Journey

Jason Jacobs, Cody Simms, and Yin Lu द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Jason Jacobs, Cody Simms, and Yin Lu या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

3M ago 51:45

MP3•एपिसोड होम

Julia Strong is the Executive Director of Symbiosis Coalition. Announced in early 2024, Symbiosis Coalition is an advanced market commitment from Google, Meta, Microsoft, and Salesforce to purchase up to 20 million tons of nature-based carbon removals.

The forestry credit space has faced challenges over the last couple of years, prompting interest in how Julia and these large tech companies collaborated to stimulate activity in the sector. Conversations about forestry should be relatively straightforward, considering forests, along with oceans and soil, are natural carbon sinks. Preserving and restoring forests is crucial, yet the complexity surrounding forestry credits always brings new insights. We’re grateful to Julia for sharing more about the formation of Symbiosis Coalition, criteria for high-quality credits, barriers to bankability, and more.

In this episode, we cover:

An overview of Symbiosis Coalition
The formation of the coalition
Julia's background in nature-based solutions
Criteria for high-quality forestry carbon removal projects
Counterfactuals in forest protection vs restoration
Regions for reforestation efforts
Motivations for landowners
The role of project developers
Barriers to bankability and how Symbiosis is approaching them
Potential financing and perceived risk
Symbiosis' quality criteria: conservative accounting, durability, social and community benefits, ecological integrity, and transparency
Symbiosis' mangrove restoration
Working with local and indigenous communities
Goals for Symbiosis' transparency
Julia's podcast Solving Climate Naturally

Episode recorded on July 9, 2024 (Published on Aug 12, 2024)

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