The climate crisis impacts everyone, and each of us must play a role in our collective journey to limit global warming to 1.5°C. To avoid surpassing 1.5°C of warming, we must collectively cut emissions in half by 2030 and achieve net zero emissions by mid-century (source
). Reaching this milestone will require both deeply decreasing our emissions and, at the same time, removing CO2 that has already been added to the atmosphere.
The top priority in any organization’s net zero journey must be to reduce emissions. However, reaching the level of decarbonization that science tells us is needed to limit warming to 1.5°C is dependent on systemic societal changes that will take time. This means that while emissions reduction goals should be prioritized, to reach them, companies must also seek to effect change outside their own operations.
Carbon credits — and carbon markets more generally — are critical tools that, made and used well, can play an important role in our collective journey to net zero while simultaneously helping us build a nature-positive world. While carbon markets today are far from perfect, they are one of the best tools we have for helping to finance critical climate solutions. The promise of the voluntary carbon market (VCM) lies in its potential to scale, from hundreds of millions of U.S. dollars today to $10 billion to $40 billion by 2030
, spurring innovation and fueling the emergence of a large economic sector for nature-based solutions and technological carbon dioxide removal the world desperately needs.
Read more about Salesforce’s approach to carbon credits