📣The IPCC's latest Synthesis Report is out 📣

Here’s what the report, drawing from three prior assessments from 2021 to 2022, has to say about Carbon Dioxide Removal (#CDR):

🌿 CDR is necessary for achieving #netnegative CO2 emissions and staying within 1.5 degrees of global warming.

🛫 CDR is especially important for “hard-to-abate” sectors like steel production and long-haul aviation, industrial process that need to be counterbalanced by CDR to mitigate #CO2 and #GHG emissions.

💥 CDR is not a replacement for reducing emissions; it is instead a necessary counterpart alongside emissions reductions. The less we decarbonise, the more CDR we will need and the more expensive it will be.

⚡ If warming exceeds a specified level like 1.5°C, it could gradually be reduced by sustaining net negative global CO2 emissions, a process requiring additional deployment of CDR.

So what are my takeaways from this report?

💡 The carbon removal industry is not moving fast enough – for substantial CDR deployment to occur in the next half of the century, there must be significant new developments in the next 10 years.

💡 120 national governments have a #netzero emissions target that implies the need for CDR. The massive policy scale of federal governments positions them well to accelerate the growth and development of CDR by scaling up regulatory and economic instruments like #carbonpricing.

💡To meet the Paris Climate Agreement targets, we need to cut #GHG emissions immediately and rapidly, which is where novel carbon removal – in combination with emissions reductions – can help.

The #IPCC’s latest report emphasizes the urgent need for immediate and large-scale action for mitigating the effects of climate change. Carbon removal can remove legacy emissions from the atmosphere with a diversity of approaches to ensure the world does not exceed its #carbonbudget.

Policymakers should internalize the takeaways of this report and invest in further research and deployment of #CDR projects to responsibly and efficiently scale up carbon removal to meet the Paris Climate Agreement targets.

Link to the official report: https://lnkd.in/enRAC4Ep