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New Carbon Removal Standards Initiative Launched to Enhance Industry Confidence and Combat Climate Change, Backed by Bill Gates.

The Carbon Removal Standards Initiative, led by Anu Khan, has been launched to standardize the way carbon removal providers, credit trading platforms, and regulators calculate the technologies’ climate benefits. The initiative is funded by Bill Gates’ climate-focused investment group Breakthrough Energy Ventures and several environmental foundations. The goal of the initiative is to build confidence in the carbon removal industry, which could potentially play a significant role in combating climate change.

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