We have entered into the decisive decade for climate action. The IPCC warned that global warming must not exceed 1.5°C to avoid the catastrophic impacts of climate change. And we don’t seem to be on track.
GHG emissions must halve by 2030 – and drop to net-zero by 2050. We have less than 10 years time for action and the private sector has a crucial role to play.
Over a thousand pioneering corporates and financial institutions worldwide are already leading the zero-carbon transformation by setting emissions reduction targets grounded in climate science.
However, approximately 25% of global emissions remain technologically or financially hard to abate within corporate supply chains, and corporates need to back carbon offsetting initiatives to comply with their voluntary net zero targets.
That’s why we started Abatable. Our mission is to build trust in the carbon markets and enable climate action for the hard to abate emissions.
“Net Zero: The Integrity Pathway” programme
This year, in the lead up to COP27, we have collaborated with the International Emissions Trading Association (IETA), International Carbon Reduction and Offset Alliance (ICROA) and ITN Business to produce the “Net Zero: The Integrity Pathway” programme, showcasing best practices and innovative solutions in carbon reduction and offsetting.
The programme explores the advances in technology and innovative products and services that are helping companies take huge steps towards achieving their sustainability goals. Watch our video below:
Many challenges still hinder the development and growth of the voluntary carbon market: from complex terminology and methodologies, through lack of agreement on the definition of quality, to greenwashing claims and outright fraud.
Despite those challenges carbon offsets remain a cost-effective, scalable and immediate solution to achieve reductions in our carbon footprints. They can stimulate investment in projects and opportunities that help combat climate change but currently lack viable financial incentives.
How we achieve our impact
Our team is working hard on building trust in the carbon markets through transparency, collaboration, and data. We help corporates build a comprehensive understanding of the voluntary carbon market and use these insights to make informed decisions for their climate strategies. Our carbon intelligence and procurement platform helps them source high quality carbon credits to achieve their climate goals and assure the social impact of their climate contributions.
Supporting the carbon project developers is key for delivering effective and impactful carbon projects. Without the right tools and information carbon project developers face many challenges and risks when developing their projects. We are their partner for the entire carbon project development lifecycle from access to finance, market insights, distribution of carbon credits, to arranging long-term offtakes.
We also partner with carbon investors that can provide project developers with bespoke funding solutions to help them build and grow their carbon projects.
Carbon offsets are not the only solution to the climate crisis but are one of the solutions we need to scale and deliver. The Net Zero pathway is not going to be easy and we will need collaboration on planetary scale to achieve it.
The science is clear that we need carbon offsetting to mitigate the worse outcomes of climate change. Abatable will help build this outcome.
Get in touch if your company wants to be part of this journey.