Post by hasan77 on Feb 15, 2024 0:30:42 GMT -5
It’s an investment in new business models that don’t require major technological breakthroughs. Just recently, the OGCI pledged to cut greenhouse gas emissions, announcing at Climate Week NYC a new target to reduce methane emissions below 0.25 percent by the end of 2025. This would reduce collective emissions by 350,000 tonnes of methane annually. Luckily, investments in natural climate solutions can deliver large-scale emissions reductions in the near term. While these progressive new emissions reduction commitments by some of the world’s biggest oil and gas companies are encouraging, development of the new methane detection, measurement and prevention technologies will take time.
Time that — as the latest report by the Intergovernmental Panel on Climate Change makes clear — we don’t have. According to a recent roadmap released as part of the Global Climate Action Fiji Email List Summit, most of the action needed to reduce emissions and curb climate change must be undertaken in the next year. Luckily, investments in natural climate solutions can deliver large-scale emissions reductions in the near term. More companies are recognizing the need for a robust approach to climate change and the benefits of investing in natural climate solutions. T
ake BHP, the world’s leading global resources company: Conservation International is working with the corporation to integrate forest carbon initiatives into BHP’s overall climate change strategy. In 2016, BHP and partners launched a first-of-its-kind Forests Bond that helps channel private sector funds into forest protection on an unprecedented scale. And in Peru’s Alto Mayo Protected Forest — an expanse of carbon-rich Amazonian rainforest twice the size of New York City — BHP provided funding to a REDD+ project (short for "Reducing Emissions from Deforestation and Forest Degradation") that rewards landholders for protecting forests, thereby reducing the carbon emissions that cause climate change.
Time that — as the latest report by the Intergovernmental Panel on Climate Change makes clear — we don’t have. According to a recent roadmap released as part of the Global Climate Action Fiji Email List Summit, most of the action needed to reduce emissions and curb climate change must be undertaken in the next year. Luckily, investments in natural climate solutions can deliver large-scale emissions reductions in the near term. More companies are recognizing the need for a robust approach to climate change and the benefits of investing in natural climate solutions. T
ake BHP, the world’s leading global resources company: Conservation International is working with the corporation to integrate forest carbon initiatives into BHP’s overall climate change strategy. In 2016, BHP and partners launched a first-of-its-kind Forests Bond that helps channel private sector funds into forest protection on an unprecedented scale. And in Peru’s Alto Mayo Protected Forest — an expanse of carbon-rich Amazonian rainforest twice the size of New York City — BHP provided funding to a REDD+ project (short for "Reducing Emissions from Deforestation and Forest Degradation") that rewards landholders for protecting forests, thereby reducing the carbon emissions that cause climate change.