
According to a new research synthesis by the Economist Intelligence Unit (EIU) and ClimateWorks Foundation, investments are urgently needed to rapidly develop and scale up the carbon dioxide (CO₂) removal solutions critical to reaching net zero emissions globally by 2050. The findings were released in a new online hub, “Investing in Carbon Removal: Demystifying Existing Approaches” available at carbonremoval.economist.com
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Afforestation, reforestation and other practices that restore trees to the landscape offer relatively low-cost carbon removal opportunities that are ready to implement. Surging interest in trees as a climate solution has made the outlook for this sector promising—but whether this buzz will lead to restoring trees to the landscape in a socially and environmentally responsible way depends on project oversight and policy safeguards.
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Peatlands hold a disproportionate share of the world’s soil carbon stocks, but commercial interests are turning these environmental assets into long-term sources of emissions by draining soil and degrading ecosystems. Restoring natural water flow and saturating peatland through a process commonly referred to as “rewetting” can reduce greenhouse gas emissions, slow subsidence and reduce the risk of wildfire.
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Forests naturally remove about 11.7 billion tons of CO2 from the atmosphere each year – roughly a third of total fossil fuel emissions.[1] This basic fact means that, if the world’s forests didn’t exist, there would be a lot more CO2 in the atmosphere, and the oceans would be considerably more acidified.
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"Over the past days, we have witnessed with anguish and heartbreak the brutal murder of George Floyd and the explosion of pain and anger that has swept across the United States and other parts of the world... At this historic moment, we are committed to listening, learning, and acting to help end hate and injustice."
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"It’s long past time to address the deep, systemic, and structural inequalities faced by black and brown people... My Ford Foundation colleagues and I are united with those calling for safety, dignity, opportunity, reform, and justice... You are the valiant firefighters quenching the flames of oppression and inequality."
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"The horrifying killings of George Floyd, Ahmaud Arbery, Breonna Taylor and so many other Black Americans reflect a long history of systemic and overt racism in our country... Approaching our grantmaking with a lens of equity, ingraining and continuing a commitment to diversity, equity and inclusion, and holding conversations on institutional racism are important steps toward progress."
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"The senseless killing of George Floyd is evidence of the underlying inequities and racism that continue to exist in our community and our country more broadly. MACP will be immediately increasing our funding support for work in our local community to address issues of racism and inequality, help prevent future violence, and help our community begin to heal."
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In advance of the IPCC report, scientists highlight five often overlooked reasons why limiting global warming requires protecting and sustainably managing the forests we have, and restoring the forests we’ve lost.
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