Breaking Travel News

Carbon Removal News

CUR8, UNDO, BA, & Standard Chartered Launch Pilot to Unlock Debt Financing for Carbon Removals

CUR8, UNDO, BA, & Standard Chartered Launch Pilot to Unlock Debt Financing for Carbon Removals

21 December 2023 Press Release Airline News Organisations & Operators

Four industry leaders, including CUR8, UNDO, British Airways, and Standard Chartered, have joined forces to initiate a pioneering financing pilot aimed at accelerating the growth of the carbon removals market. This partnership responds to the urgent need to expand carbon removal efforts to limit global warming to 1.5 degrees Celsius by 2050, as emphasized by the Intergovernmental Panel on Climate Change (IPCC).