A global challenge…
The need for urgent and ambitious investment in the Climate and Nature crises is a call to action for us all. As individuals, communities and business leaders, we have an obligation to reduce greenhouse gas emissions by restoring our atmosphere and our natural ecosystems to sustainable levels.
The gap between countries’ pledges and the removals required to meet Paris targets is huge – estimated at ~7 billion tCO2e per year in 2050 (Oxford University/stateofcdr.org, 2023) which is around 15x the current emissions of the UK. Whilst we must hope that technical solutions such as direct air capture (DAC) and biochar will one day become economically viable, the only viable, scalable solutions available today are nature-based carbon removals – good old photosynthesis and storage by trees, soils, wetlands, blue carbon. We don’t have time to waste hoping for a technical fix.
… Also, an opportunity:
Thousands of the the world’s largest companies have set goals to reach Paris-compliant net-zero by 2050, and many have committed to short- and long-term science-based targets. To meet these targets, in addition to dramatic emissions reductions, massive nature-based carbon removals must be contracted for as soon as possible.
This is a huge challenge, but also an incredible opportunity to transform economic conditions for local communities at the same time as restoring degraded ecosystems.
Time left to 2050
Private finance can fund this transition
Investment in the low-carbon transition can be cost-effective and comes with a return.
Avoiding emissions is most urgent, but carbon removal is also needed at scale and pace. The best technology already exists in nature, notably trees, soils, wetlands and so on.
Better still, nature-based removals bring other benefits: farming resilience, nature recovery, air & water quality, flood alleviation, community engagement.
CO2eco offers an investment solution for both businesses and landowners to act decisively: high-quality, risk adjusted long-term carbon credits.
The increase in atmospheric CO2 graphically illustrates the size of the challenge and the urgent need to invest in carbon removals on a massive scale.
The concentration of CO2 in the atmosphere continues to rise relentlessly. Until we see a consistent and dramatic reduction, we are not doing enough to return to safe planetary limits.
May 2023: 424.00 ppm
May 2022: 420.99 ppm
Last updated: 30 June, 2023