How climate investors are getting ready for the carbon removal boom
The world is hurtling towards irreversible and catastrophic warming. The goals of the Paris climate accord are fast slipping out of reach.
At least we know what to do.
In the face of the gathering climate threat, the latest Intergovernmental Panel on Climate Change report strikes a decidedly ‘can-do’ attitude. Global greenhouse gas emissions must peak by 2025 as fossil fuels are rapidly scaled down.
And carbon removal technologies, as well as natural solutions, will be necessary to make up for hard-to-abate activities and achieve net-zero greenhouse gas emissions. Global temperature increases are virtually certain to surpass 1.5 degrees Celsius from pre-industrial levels, the report warns. Carbon removal may be the only way to bring them back down.
Policies and laws enacted by governments around the world have kept emissions from climbing 3% to as much as 10% higher, according to the IPCC’s Jim Skea.
“The next few years are absolutely critical, said Sarah Burch, the Canadian academic who is the report’s lead author. “We’re not on track to 1.5 degrees, but we also already have the tools we need to create healthy, just, resilient, low carbon communities.”
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