Climeworks’ Post

Hot off the press! Multi-Gigaton Scale Carbon Dioxide Removal Is Needed to Achieve Net Zero, but Is Unlikely to Materialize Without Policy Drivers A new report from BCG explores demand for CDR, and how we get to gigaton scale. The long and short, we need more policy, we need more demand!

Various strategies have emerged to mitigate the carbon emissions contributing to this global challenge. One such strategy you have probably heard being thrown around before is carbon offsetting. #ClimateChange #CarbonOffsetting https://bit.ly/3PDFV2x

Carbon dioxide removal from the atmosphere is essential. Natural means of doing it are the most cost-effective and ought to be scaled up fast. Natural CDR can help capture over 50Gt CO2 per year. With 2,6 Teratons of excess CO2 in the atmosphere, even in a net zero state, it would take over 50 years to get the carbon dioxide levels back to pre-industrial levels. https://lnkd.in/dxRknx6D

Our failure to act swiftly on reducing emissions means we will have to rely more on carbon dioxide removals (CDR) to prevent catastrophic #climatechange. Read our overview on the different types of CDR, their current state of play in the market and how policy can play a crucial role in scaling these innovations: https://lnkd.in/dWV2P3sh

The Benefits of Less Carbon Dioxide

🌍💡Reuters: Carbon Removals Market Update💡🌍 According to a new report, the global market for carbon dioxide (CO2) removals could skyrocket to $100 billion annually between 2030-2035! 🚀 🌱 This is a significant jump from the $2.7 billion seen last year. 🌿🌍 Worsening climate change and inadequate emission reduction efforts underscore the urgent need for large-scale carbon removal. 🌏🔧 Whether through natural methods like planting trees or advanced technologies like direct air capture (DAC), every effort counts! 🌳🔬 The demand is growing, with diverse sectors like technology, finance, chemicals, and aviation leading the way. 💼✈️ But more support and strategic frameworks are being devised to scale up these critical projects. 📈🔍 🌟🤝Visit CYNK🌍to learn more: https://www.cynk.io/news #ClimateAction #Sustainability #CarbonRemoval #GreenTech #FutureOfWork #ClimateChange #EnvironmentalImpact #CO2Reduction #SustainableBusiness #NetZero #Innovation #GlobalWarming

Today, the US Federal departments and offices have issued the statement and associated principles on voluntary carbon markets (VCMs) which is based on the belief the meaningful role #VCMs can and should play in facilitating GHG emissions reductions and removals, and eventually acting as a critical tool in the climate action toolkit to limit the global warming to 1.5 °C.  The statement further reinforces that with right incentives and guardrails in place, VCMs holds potential to become a significant channel for mobilizing much needed private capital in support of the energy transition.  Such developments paves the way for high-functioning VCMs that creates meaningful economic opportunities for carbon project investors, and connect buyers to high-quality, cost-effective emissions reductions and removals credits, ensuring that one credit truly represents one tonne of carbon dioxide (or its equivalent) reduced or removed from the atmosphere, beyond what would have otherwise occurred. Read more at https://lnkd.in/guRsSvrZ At #GEVernova, achieving #decarbonization along with electrification is more than our mission. It’s a mindset that drives every aspect of our functionality.   #GEVernovaCarbonManagement services, plays a critical role in achieving our decarbonization mission and create solutions for our customers to help unlock GHG emission mitigation to meet #netzero targets and #sustainabilitygoals. We provide assessments and tools beneficial in navigating the complexities of #energytransition pathways to arrive at the most optimised actionable outcome.  Find out more about our #GEVernovaCarbonManagement services at https://lnkd.in/gvfWN2KD  

Keen to understand more about carbon dioxide removal (CDR), but feeling confused/overwhelmed by all the information out there? Then take a look at this useful blog post that our Emissions Consultant, Alix, recently wrote about the current state of CDR. #carbonemissions #carbondioxideremoval

https://lnkd.in/dbeb7wqV Quotes from the article: The global market for carbon dioxide (CO2) removal credits could reach up to $100 billion a year between 2030 and 2035 from $2.7 billion last year if barriers to its growth are addressed, a report by management consultancy Oliver Wyman said on Thursday. Demand for credits has begun to increase from sectors as diverse as technology and finance, chemicals and aviation but it’s not yet large enough to drive the scale of projects that experts say are needed, the report by Oliver Wyman, the City of London Corporation and the UK Carbon Markets Forum said. Barriers to growing the market include a lack of universally agreed standards on CO2 removal credits and a lack of guidance on how removals can be used to help meet climate targets. #carboncredits #carbontrading #carbonoffsets #carbonmarkets #bigcarbon #co2removal #carboncapture #climatechange #globalwarming #climateaction #corporateclimatepledges #corporateclimateclaims #greenwashing #misleadingclaims #carbonfootprint #carbonneutrality #netzeroco2 #netzeroemissions #parisclimateagreement