Post by hasan77 on Feb 15, 2024 0:30:30 GMT -5
Initiative (OGCI), the Climate Investments Fund pledges the money and resources of the world’s largest energy companies — historically, some of the greatest contributors to climate change — to the development of innovative clean-energy technologies. As it happens, one of the most effective clean-energy technologies has been in development for millions of years and is ripe for investment: nature. As it happens, one of the most effective clean-energy technologies has been in development for millions of years and is ripe for investment: nature.
There is no better carbon capture and storage technology than nature, which can provide at least 30 percent of the emissions reductions needed to stay within the goals set by the Paris Agreement. And natural climate solutions — including preventing deforestation and restoring degraded ecosystems — have something else going Fiji Email List for them: They’re significantly more cost-effective than developing new clean-energy technologies. How much cheaper? According to the latest research, more than a third of these natural solutions for mitigating climate change would cost $10 or less per carbon tonne, while cost estimates for emerging technologies range from $40 to over $1,000 per carbon tonne.
Despite all of these benefits, natural climate solutions receive only 2 percent of global climate funding. That’s why Conservation International is working with governments, companies and communities to ensure that nature’s contribution to addressing climate change is fully maximized. We’re urging the OGCI — a voluntary-led initiative made up of 13 oil and gas companies representing more than 15 percent of the world’s primary energy needs — to accelerate its commitment to climate change by investing in natural climate solutions. Simply dedicating 30 percent of the $1 billion Climate Investments Fund to natural climate solutions would further the impact and scale of the OGCI’s aim to deliver solutions that enable a sustainable low-emissions future.
There is no better carbon capture and storage technology than nature, which can provide at least 30 percent of the emissions reductions needed to stay within the goals set by the Paris Agreement. And natural climate solutions — including preventing deforestation and restoring degraded ecosystems — have something else going Fiji Email List for them: They’re significantly more cost-effective than developing new clean-energy technologies. How much cheaper? According to the latest research, more than a third of these natural solutions for mitigating climate change would cost $10 or less per carbon tonne, while cost estimates for emerging technologies range from $40 to over $1,000 per carbon tonne.
Despite all of these benefits, natural climate solutions receive only 2 percent of global climate funding. That’s why Conservation International is working with governments, companies and communities to ensure that nature’s contribution to addressing climate change is fully maximized. We’re urging the OGCI — a voluntary-led initiative made up of 13 oil and gas companies representing more than 15 percent of the world’s primary energy needs — to accelerate its commitment to climate change by investing in natural climate solutions. Simply dedicating 30 percent of the $1 billion Climate Investments Fund to natural climate solutions would further the impact and scale of the OGCI’s aim to deliver solutions that enable a sustainable low-emissions future.