JPMorgan Chase made one of the largest investments ever on carbon removal credits, agreeing to pay over USD200mn on different removal technologies. The biggest American bank’s commitment will remove a total of 800,000 metric tons of CO2 as part of its decarbonization goal. Carbon dioxide removal (CDR) is getting traction lately as it’s clear that the pace of reducing emissions to stay within the 1.5°C limit remains too slow. Scientists say that the world has to remove 10 billion tons yearly to prevent the worst impact of climate change.

Source: Carboncredits