What projects will Explore be supporting?
Klimate have put together a portfolio of carbon removal projects that suits our brand and business, and that will evolve with us - as our business, goals and emissions change, so will our removal portfolio.
Our partnership supports five different carbon removal technologies, within which sit carefully-selected projects. As well as choosing projects according to their climate impact, Klimate also assesses their social and environmental benefits, their credibility and accountability, and future potential risk to ensure a balance of projects with different benefits and varied longevity. For example, reforestation is relatively low-cost and has additional environmental and social benefits, but is slow to implement and has a lifespan carbon capture of 50-100 years. While Direct Air capture removes carbon permanently, it is very high cost, is relatively new and has limited additional social benefits. It is a fine balance, and one that will evolve as we do.