The use of Natural Climate Solutions (NCS) carbon credits as part of a robust climate strategy can help corporates meet their corporate climate commitments and steer a pathway towards net zero whilst also channelling much needed investment into nature. Yet corporates require guidance on how they credibly do so and deliver a win-win-win outcome for climate, biodiversity and people.
Natural Climate Solutions for Corporates, published by the Natural Climate Solutions Alliance (NCS Alliance), provides a high-level guide to the credible use of NCS credits by corporates. Developed with expert input from NCS Alliance member organizations, Natural Climate Solutions for Corporates provides guidance on:
Not only do NCS have the potential to address the driving cause of the climate crisis, they also carry the potential to build resilient and biodiverse ecosystems for generations to come.
Natural climate solutions (NCS) play a critical role in supporting the future of both climate and nature. Research conducted for this consultation report confirms estimates that NCS can provide one-third (close to 7 Gt CO2) of the climate mitigation to reach a 1.5- or 2-degree pathway by 2030—and at a lower cost than other forms of carbon dioxide removal. Deployed in the right way, NCS can also produce high co-benefits that accrue to nature and to communities. Building off the recommendations from the Taskforce for Scaling Voluntary Carbon Markets, this report sets out six actions to accelerate the scale-up of high-quality NCS implementation and unlock markets through the combined efforts of business leaders, policymakers and civil society.
Published: 27 May 2021
In Collaboration with McKinsey & Company
Nature-based solutions (NbS), can help to deliver up to 37% of solutions to achieve the Paris climate goal, as well as the potential to help address other societal challenges while being good for business and people. Yet, to scale up investment in Nature-based Solutions, business requires clarity on its scope and requirements.
This report aims to help remove the hurdles to nature-based solutions by clarifying definitions, while supporting the alignment of natural climate solutions (NCS) with nature-based solutions in order to accelerate investments at scale. In addition, the report helps business to navigate the nature and climate agenda by mapping the key initiatives, platforms and conventions for collective action.