While most companies have set net-zero goals, some enterprises are having a more challenging time: shipping and airlines, which are hard to electrify and thus decarbonize.
Rainforests are carbon sinks, absorbing 7.6 billion metric tons of CO2 annually. Rainforest nations need an estimated $100 billion to ensure the survival of their lands. The carbon markets will raise some of that money. But the trading system must be accredited. COP27 in Egypt enshrined Sovereign REDD+ credits into the Paris agreement, making it easier for countries to attract private financing.