ViridiPath’s Post

This month marks the first anniversary of Datagraphic having its carbon reduction plan approved and validated by the Science Based Targets initiative (SBTi). Reflecting on this past year, we’re pleased to say that we’ve continued to make great strides towards sustainability and climate action. Recent milestones include; - Reduced scope 1 and 2 CO₂ emissions by 18.2% in 2023 - Used 5% less energy in 2023 - Became signatory of The Climate Pledge - Installed a further 60,500 kWh solar PV at head office - Completed lifecycle assessment (EPD) for print services - Became a participant of the UN Global Compact - Gained zero-to-landfill status Committed to our achieving our goals, we will continue to make a positive difference. Read more at https://lnkd.in/e7ZxkQZg

About the Net Zero’s Carbon Removal Conundrum How to reach the temperature goals we are committed to? 1. Cutting emissions as much as possible (Decarbonization) and 2. Removing any residual carbon dioxide from the atmosphere (CDR) 1. To assess the path to reducing emissions, we often use the so-called Carbon Budget, a well-known and accepted framework for calculating the amount of GHG that can be emitted (in a certain period of time) to stay below - hopefully “well below” - a 2C increase in the global average temperature above pre-industrial levels, and ideally to limit the global warming to 1.5C. 2. And what about carbon removal? We know that we can remove carbon dioxide in many ways, from nature-based approaches (such as afforestation, reforestation, soil carbon sequestration, restoration of peatlands and coastal wetlands, forest management) to direct air carbon capture and storage (DACCS), biochar carbon removal (BCR), bioenergy w/ carbon capture and storage (BECCS), blue carbon management. We also know that these technologies are still being developed, as they haven’t reached their full potential. But: which will be the amount of CO2 removal and storage available in the years to come? How the removal capacity will be constrained by economic and institututional barriers? In the light of reaching mitigation goals: who has the right to access the already feasible CO2 removal? who bears the onus of developing further potential? How can we reach a cost-effective mitigation? Will we run into a removal deficit? It is not only a matter of willingness to pay. It is also a matter of effectiveness, scarcity, scalability, and equity. That is, it is a matter of responsible allocation of the Carbon Removal Budget. To go more in deep, have a look to the paper of Ben Caldecott and Injy Johnstone from University of Oxford published in the Journal of Carbon Management. (@Ben: happy you accepted our invitation for the next term of Deloitte Climate & Sustainability Competency Lab) #ClimateChange #GlobalWarming #GHG #CarbonBudget #CarbonRemovalBudget #CarbonremovalConundrum #Decarbonization #CDR #Afforestation #Reforestation #ConservationAgriculture #DACCS #BECCS #BCR #CarbonDioxideRemoval

🌍 The False Promise of Carbon Capture: A Costly Distraction from Real Climate Action 🌍 Carbon capture (CC) technologies have been touted as a climate solution for years now, but the numbers in this new report tell a very different story: 💸 Exorbitant Costs, Minimal Results: Over €76 billion has been spent globally in 50+ years of trials, yet only 53 Mt of CO2 has been captured — a drop in the ocean of global emissions. 🇪🇺 EU's Failing Strategy: Just 1.9 Mt of CO2 is captured annually in the EU (a meek 0.076% of 2023 emissions) — with none permanently stored. 🚧 Unrealistic Goals: To hit 2050 targets, the EU needs a 200x increase in capacity, requiring 19,000 km of CO2 transport by 2040, costing taxpayers €16 billion — and total costs could reach €520 billion. 📉 High Failure Rates: 80% of large-scale CCUS projects fail, yet lobbyists push for more public funding instead of proven solutions. 🔍 So why does the EU keep backing this risky, proven-to-fail technology? The answer lies in lobbyists: Fossil fuel giants are heavily invested in maintaining the status quo of extraction and emissions — at the planet’s expense, as we just saw again with COP29 where the Saudis even refused to let COP28 pledge to 'transition away' from fossil fuels being restated. But waiting for consensus is no option, and global clean energy investment is on track to exceed $2T or 2/3 of global energy investments. So aren't carbon capture advocates acting like a "carbon capture village"? A non-democratic interest group enabling climate inaction, environmental degradation, and human suffering (see the recent massive floods in Spain and record drought in Latin America) only to help fossil fuels giants buy time while enriching their shareholders? 🔥 It’s time to demand better — real climate solutions, that really enable people to adapt and mitigate climate boiling, not such expensive distractions. Ursula von der Leyen and European Commission Let’s focus on renewable energy, sustainable and fair electrification, and biodiversity regeneration! 💬 What are your thoughts? Share and let’s start a conversation. https://lnkd.in/dWWEsBzB

With companies, initiatives and other stakeholders coming together at #ClimateWeekNYC next week, it will be critical to get the rules of corporate climate action right. We have just published our response to the Science Based Targets initiative's survey on its Scope 3 Discussion Paper. Here is our take ⤵   ✅ Reason for optimism: SBTi’s proposed ‘alignment targets’ framework could address current challenges in corporate climate target setting, but GHG emission reduction targets remain relevant for many corporations. ❓Questions on commodity EACs: We question whether it is realistic for commodity EACs without traceability and physical association to be effective and robust enough to be used as market-based accounting instruments. ⛔ Risk of carbon credits within value chain: We advise to not further pursue the potential scenario for carbon credits within the value chain, which is highly susceptible to misinterpretation. There is a substantial risk of inadvertently legitimising conventional offsetting approaches under new guises or terminologies. 🔍 Blind spot: Renewable electricity accounting is a critical issue for scope 3 as well as scope 2, but it is not well covered in the SBTi discussion paper. 24/7 renewable electricity should be one of the most important alignment targets under the SBTI’s revised Corporate Net Zero Standard, both for scope 2 and scope 3 emissions. Read the full response here 🔗 https://lnkd.in/dfe-hx66 #ClimateWeekNYC #CarbonCredits #NetZero #Scope3

🌱 Exciting news from the European Commission! A new strategy to massively increase carbon capture and storage capacity has been announced, marking a significant step toward the EU's 2050 net-zero ambitions. Aiming for a 90% reduction in net greenhouse gas emissions by 2040, this strategy highlights the importance of addressing emissions from industries and sectors challenging to decarbonize. Read the article and discover more ⬇️ https://bit.ly/48JxWrb

SB 60 decision on the term "Avoidance" of carbon emissions. The kind of activities such as avoiding deforestation etc. shall come under this term. Currently no discussion will be held on it till 2028. Only Carbon emissions reductions and removals shall be the official terms.

We’re challenging the status quo of Carbon Capture. A recent article in Nature Magazine highlights innovative approaches in carbon capture. While it’s exciting to see advancements, much of the conversation remains stuck on large, capital-intensive infrastructure and geological sequestration. At Carbon Capture & Commercialization (CC&C), we’re building the future of carbon capture - one that’s scalable, efficient, and ready to deploy. Our modular Direct Air Carbon Capture (DACC) systems are designed to operate where CO₂ is most concentrated, achieving capture costs under $100/ton with energy consumption of less than 100 kWh/ton - a paradigm shift from the staggering 2,000 kWh/ton of traditional systems. Unlike centralized, slow-to-build plants, our much smaller, flexible systems can deploy in days, not years, unlocking immediate, measurable impact for industries, cities, and urban environments. The benefits extend far beyond carbon sequestration: Commercialization: Captured CO₂ becomes feedstock for industries like oil, cement, steel, and agriculture - turning carbon into economic opportunity. Economic Growth: Our sovereign structure fosters local manufacturing, jobs, and regional economic development, creating lasting value alongside climate action. We believe the future of carbon capture must be as agile as the climate challenge itself. If you’re an industry leader, policymaker, or investor looking to scale innovative solutions that drive meaningful decarbonization and commercial returns, let’s connect. 🚀 The next chapter in carbon capture starts now - partner with us to transform CO₂ into a tool for progress. Kate Dooley Kirstine Lund Christiansen Jens Lund Wim Carton Alister Self #CarbonCapture #ClimateTech #Innovation #Sustainability #NetZero #Decarbonization

The increasing frequency and severity of weather-related events due to climate change has highlighted the urgent need to take action and achieve net-zero greenhouse gas (GHG) emissions by 2050.1 Investors can turn to “avoided emissions” – the positive impact of a more sustainable product or service – to assess which potential investments can make the most significant contribution to achieving this target. Key takeaways: - Avoided emissions reflect emissions savings achieved by a product, service, or project in wider society. Avoided emissions is a key complementary metric to more established scope 1, 2 and 3 measures. - Climate solutions such as solar, wind, grid technologies and sustainable biogas are key to boosting avoided emissions. - There is a lack of methodological clarity around avoided emissions, but greater application across private and public markets will formalise measurement approaches. - Measures of avoided emissions can help channel investment to solutions that make the most significant contribution to achieving net zero emissions by 2050. By Marie Navarre, Head of Sustainable Research and Ilan Havinga, Impact Specialist and #AllianzGlobalInvestors #AchievingSustainability #Sustainability #ClimateChange #NetZero #GreenhouseGas #GHG *** DIRECT ACCESS TO THE DOCUMENT (pdf) ***

Green Alliance’s Net Zero Policy Tracker shows big gaps between UK action plans & commitments In the latest update on the UK government’s progress towards meeting its Net Zero Strategy Goals, independent think-tank, Green Alliance, says big gaps in policy indicate “the UK remains off track to meet its Net Zero climate commitment by 2050.” According to the latest tracker update, focusing on progress against Net Zero strategy during the 5th carbon budget 2028-2032, policy needed to achieve almost 20 per cent of required GHG emissions cuts remains under consultation rather implementation, with a further 17 per cent covered only by “policy ambition” and 16% without any policy at all. While three key economic sectors – Transport, Heat and Buildings, and Agriculture and Land Use - are highlighted for most concern, significant policy gaps also remain in regard to GHG reductions for both Industry, and Waste and Fluorinated Gases. However, Green Alliance notes: “With signs of wavering ambition on the environmental agenda across Westminster, it is vital that politicians from all political parties, particularly those responsible for briefs that materially impact the decarbonisation agenda, put forward credible plans on how they will get the UK back on track for Net Zero.” Read more on our website news page: https://lnkd.in/eFZU6-_s #carbonremoval #netzero2050 #sustainability #technology

The Integrity Council for the Voluntary Carbon Market (ICVCM) has just released a guide talking to carbon credits and the carbon removals opportunity with carbon removals recently in the news as the EU came to a provisional agreement on the voluntary Certification Framework for Carbon Removals. Carbon removal and carbon reduction projects play crucial roles in mitigating climate change, aligning with the Paris Agreement's goal of limiting global temperature rise. The guide eludes to carbon removal projects and how they differ from carbon reduction projects. It also touches on the Integrity Council's approach to Carbon Dioxide Removal (CDR) and how our Core Carbon Principles (CCPs) ensure high-integrity carbon credits. Aligned to Changeblock's mission and methodology, they have a rigorous assessment criteria and commitment to driving real, verifiable climate impact. With the projected trends of carbon removals pointing towards increased demand, now is the time to invest in scaling up existing removal methods and developing new ones. Read the full article here: https://lnkd.in/ewbbceia Get in touch if you are interested in support with a project. https://lnkd.in/eqtPuKPa #CarbonRemoval #ClimateAction #IntegrityCouncil