background image

We need to talk about carbon removal

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Financial Times or enjoy below:

🗞️ Driving the news: A significant shift towards focusing on carbon removal as a crucial part of achieving net zero emissions is emerging
• Recent developments, including the US Department of Energy's new plan and the EU's provisional agreement on a carbon removal certification system, spotlight the increasing governmental recognition of carbon removal's importance

🔭 The context: Despite the widespread discussion around reducing carbon emissions, the imperative of building substantial carbon removal capacity, as highlighted by the Intergovernmental Panel on Climate Change, has received comparably less attention
• This imbalance is starting to be addressed with new initiatives aimed at accelerating investment in carbon removal technologies

🌍 Why it matters for the planet: The shift towards carbon removal is critical for the planet as it tackles the existing and continuously increasing levels of carbon dioxide in the atmosphere
• This approach is vital for limiting global warming to 1.5°C, necessitating the removal of 100bn to 1,000bn tonnes of CO2 this century, according to the IPCC

⏭️ What's next: The future may see governments, especially in the EU, requiring companies to purchase carbon removal credits, pushing the voluntary carbon market towards projects that truly decrease atmospheric CO2
• This move could significantly impact corporate climate strategies and contribute to more effective carbon neutrality efforts

💬 One quote: "Voluntary purchasing of carbon removal is not going to scale to the billions [of tonnes] per year that’s necessary," - Peter Reinhardt, chief executive of Charm Industrial, highlighting the need for governmental action to scale carbon removal efforts.

📈 One stat: Carbon dioxide levels in the atmosphere are already 50% higher than before the industrial revolution, underscoring the urgency of effective carbon removal strategies.

Click for more news covering the latest on environmental sustainability

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)