Philanthropy Final Report

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Philanthropy Final Report ( philanthropy-final-report )

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BEYOND CARBON NEUTRALITY 54 SECTION SUMMARY: A starting point for philanthropies to catalyze the development of carbon removal strategies. How can philanthropy move beyond carbon neutrality? 1) elevate the issue, 2) spur RD&D/innovation, and 3) support policy While the historic grant-making approach pursued by climate philanthro- pies is likely insufficient to address the opportunities and challenges sur- rounding carbon removal, there are a number of new goals that philan- thropies can pursue to catalyze the development of the field, including: 1. Elevating the conversation on carbon removal in industry and policy circles 2. Building the case and advocating for research, development, and demonstration (RD&D) and technology innovation for a broad portfolio of carbon removal solutions 3. Identifying and advocating for appropriate policy mechanisms to support carbon removal solutions Philanthropic grants aimed toward these goals can have high leverage by helping to unlock additional industry and government funding to devel- op carbon removal solutions.

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