Natural climate solutions strengthen the capacity of oceans, forests, grasslands, peat, mangroves and soil to act as natural sinks for carbon dioxide. They have the potential to deliver a third of the carbon dioxide mitigation needed for emissions to align with the goals of the Paris Agreement by 2030.
In addition to efforts to decarbonize energy, OGCI is actively exploring ways to catalyze natural climate solutions responsibly and on a scale that will create tangible tools to tackle climate change and bring meaningful co-benefits.
What OGCI is doing
OGCI is actively exploring ways to catalyze natural climate solutions responsibly and on a scale that will have a meaningful impact on climate change, acting in parallel with and to complement member companies’ own activities.
We are exploring ways to support the development and transfer of knowledge and technology, and how to apply best practices in our industry. We are also looking at the role of well-established carbon markets to scale up the deployment of natural climate solutions, how to introduce measurable national targets and how to ensure reporting clarity and avoid double counting.
OGCI member companies seek to deliver environmental, biodiversity and social benefits in addition to carbon mitigation in their natural climate solutions projects, in line with UN Sustainable Development Goals.
What OGCI member companies are doing to leverage natural climate solutions
Member companies are working with a wide range of organizations to maximize nature’s ability to absorb carbon dioxide while reaping co-benefits for biodiversity and local communities.
PETROBRAS – Natural climate solutions in the Amazon
Petrobras is leading the global NCS work stream for OGCI member companies seeking to deliver environmental, biodiversity and social benefits, in addition to carbon mitigation, in their projects.