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INTRODUCTION 12 To maximize the probability of success, philan- thropies can co-create grant-making strategies with industry, government, and civil society to build effective coalitions for advancing carbon removal solutions. It will also be important to measure the impact of grants with metrics beyond simple cost-effective- ness, in order to capture the value of carbon remov- al as a complement — not a substitute — to other climate solutions. Developing a portfolio of sustainable, scalable carbon removal systems to deploy alongside emis- sion abatement and climate adaption solutions will be both a monumentally challenging and invaluable undertaking. Public-, private-, and civil-sector actors will all have to collaborate to ensure carbon remov- al solutions develop as swiftly and appropriately as needed. Philanthropy can play a key role in conven- ing these stakeholders and igniting the action need- ed to build a global economy that cleans up more CO2 from the atmosphere than it emits. Pictured: Certain agricultural techniques, coined “car- bon farming,” can help working lands store carbon. REPORT STRUCTURE: 1) Carbon Removal 101: A deep dive into the science behind carbon removal, explaining why carbon removal is so valuable and what challeng- es need to be addressed to unlock this potential. 2) Help Wanted: An exploration of the current support for carbon removal and the strategic fit for philanthropy in developing carbon removal solutions. 3) Analysis & Results: A discussion of our analytic methods for understanding the role that philanthropies are playing in carbon removal today and the findings of our data analysis and interviews with philanthropies and carbon re- moval experts. 4) Beyond Carbon Neutrality: A starting point for philanthropies to catalyze the development of carbon removal strategies.PDF Image | Philanthropy Final Report
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