Why Investing in Carbon Removal Can’t Wait

Mar 3, 2024

The climate crisis represents an unprecedented and far-reaching global challenge that demands urgent, comprehensive, and coordinated action. We face a critical moment when our actions today will shape our planet’s future. Where do we stand today? What role does carbon dioxide removal (CDR) play, and how will we scale CDR to climate relevance? Read on to get these and many other questions answered.

2023 was the hottest year in global records, dating back to 1850. We have experienced the first 12-month period with temperatures averaging more than 1.5°C (2.7°F) above pre-industrial times, with temperatures in November last year briefly breaching 2°C. This is critical because warming levels between 1.5 to 2°C could usher in complicated consequences for societies to manage, including the passing of irreversible climate tipping points. Each fraction of temperature increase exacerbates destructive weather disasters – deadly heat waves, extreme rains, wildfires. Concurrently, global carbon emissions from fossil fuels have reached record levels in 2023, signaling a pressing need for decisive action.

The reality is that we have already emitted an excessive amount of CO2, and even if we drastically reduce emissions, we face the daunting challenge of addressing those historical emissions as well as additional, hard-to-abate emissions (e.g., emissions from aviation, cement, and shipping sectors).

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