RELEASE: Carbon Business Council Grows to 100+ Companies
FOR IMMEDIATE RELEASE: July 19, 2023
Carbon Business Council Grows to More Than 100 Companies, Uniting Innovators to Achieve a Gigaton-Scale Climate Impact
–The Coalition Commemorates One Year Anniversary by Celebrating Accomplishments to Responsibly Scale Carbon Management and Charts Plans for the Year Ahead–
Washington DC — The Carbon Business Council (CO2BC), a nonprofit trade association of companies and organizations unified to restore the climate, celebrates its one-year anniversary by growing the coalition to more than 110 companies and organizations. CO2BC’s membership base has combined assets of more than $16.5 billion dollars focused on scaling carbon removal and carbon management.
“We launched the Carbon Business Council with the core belief that a rising tide can raise all ships as we work together to make a gigaton-scale climate impact,” said Ben Rubin, Executive Director and Co-Founder of CO2BC. “With a membership base that’s more than doubled since our inception and multiple proof points for successful collaboration, the Carbon Business Council is a platform to bring innovators together and unlock gigaton-scale solutions.”
CO2BC is tech-neutral and innovators in the coalition represent a range of pathways to remove, manage, and utilize carbon dioxide. CO2BC members have purchasing commitments from Stripe, Microsoft, Shopify, and other major corporations. Member companies have won multiple awards, including winners of the XPRIZE Carbon Removal Challenge and Earthshot competition. In addition to innovative carbon management companies, the coalition includes more than 20 observers and allies. The partnerships between members, observers, and allies focus on strengthening connections between leading investors, nonprofits, coalitions, and other stakeholders.
The CO2BC coalition has been collaborating throughout the last year to advance carbon removal and carbon management. Highlights include:
Shaping Public Policy: CO2BC is integrally engaged in federal, state, and international policy. Member-driven working groups at CO2BC have published a series of issue briefs on integral policy topics, on topics like how to define carbon removal, the importance of monitoring, reporting, and verification (MRV), and opportunities for removals in the upcoming U.S. Farm Bill.
Responsibly Scaling Carbon Removal: CO2BC launched the Ethical Oath to Restore the Earth, which invokes the ethical oaths that doctors and lawyers sign with tenets specific to carbon management. The oath has been signed by more than 120 people. CO2BC provides a series of tools and resources to encourage principles of responsible growth and community engagement.
Amplifying Carbon Management: CO2BC’s initiatives are routinely featured in major media outlets, including Axios, Bloomberg, Politico, The Hill and Washington Post. CO2BC members and leadership have spoken about carbon management on international stages throughout the last year including COP27, ClimateWeek, and the World Economic Forum.
Supporting the Carbon Management Ecosystem: CO2BC provides support for the carbon management ecosystem, including a biweekly newsletter read by thousands of subscribers and a monthly membership meeting that highlights key trends and developments.
Expanding the CO2BC Team: The CO2BC team has grown to include a team with decades of combined experience, including board members and advisors from premier organizations.
“We need unprecedented levels of collaboration for carbon removal to scale in order to meet the climate targets set by governments and companies. The Carbon Business Council is rising to this challenge by fostering collaboration to accelerate action,” said Isabella Corpora, Associate Director of CO2BC. CO2BC recently co-hosted a symposium focused on responsibly deploying carbon removal attended by participants from around the world. Speakers included Members of Congress and leadership from the Energy Department, State Department and other government agencies.
Scientists globally have reached consensus that the world needs to remove and manage gigatons of carbon dioxide in order to meet the goals of the Paris Agreement, working in tandem with reducing emissions. Carbon removal is the process of removing carbon dioxide from the atmosphere. Carbon management is an umbrella term for interrelated pathways to manage carbon dioxide, which includes storage, transport, utilization, and more.
Looking ahead, CO2BC is continuing to shape public policy and will be announcing new policy working groups in the months ahead. CO2BC is planning events for key moments like ClimateWeek and COP28. In the fall, CO2BC will release an online training program focused on the responsible deployment of carbon removal with guidance on community engagement, which has been developed in consultation with an advisory committee.
“With a growing list of extreme weather events this year, the rest of 2023 and beyond is a pivotal time to bring the carbon removal community together and work collaboratively to make a gigaton-scale climate impact. Reducing emissions is more crucial than ever and it’s also a critically important time to scale carbon removal,” said Ben Rubin.
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Carbon Business Council (CO2BC), a member-driven and tech-neutral trade association of companies unified to restore the climate, is the preeminent industry voice for carbon management innovators. Together, the nonprofit coalition represents more than 100 companies and organizations across six continents with more than $16.5 billion dollars in combined assets.
