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Origem Motos: Leading the Charge for Sustainable Mobility and Carbon Neutrality in Brazil

Origem Motos, an innovative electric motorbike company based in Brazil, has emerged as a beacon of inspiration in an era marked by rapid urbanization, climate change, and the growing need for sustainable transportation solutions. Not only did their solutions immediately reduce GHG emissions compared to combustion motorcycles, but in 2023, they also went a step further by achieving the Carbon Neutral Certification, guaranteeing the complete offsetting of the emissions related to using and renting their electric motorbikes, in compliance with international standards. The Rise of Smart Electrical Transportation in Brazil The global transportation sector has significantly contributed to greenhouse gas emissions for decades, with gasoline and diesel-powered vehicles dominating the landscape. However, the urgent need to combat climate change has driven a surge in developing and adopting smart electrical transportation alternatives. Origem Motos is at the forefront of this transformative wave by pioneering electric motorbikes designed to cater to the needs of both individuals and businesses. With a robust electric motorbike fleet, Origem Motos is helping to reduce carbon emissions and usher in a cleaner, greener future for transportation in Brazil. Innovation at the Core Origem Motos is not just any electric motorbike company; it stands out due to its commitment to innovation. The company is pushing the boundaries of what electric motorbikes can offer regarding technology and performance. Here’s how Origem Motos is contributing to a more sustainable future: Advanced Electric Motorbikes Origem Motos designs eco-friendly, high-performance electric motorbikes. These bikes offer a cleaner and quieter riding experience while maintaining the power and range needed for urban transportation. Smart Charging Grid One of the most significant innovations is Origem Motos’ smart charging grid. It’s a network of strategically placed charging stations in the city that are easily accessible for riders. This infrastructure makes owning an electric motorbike more convenient and practical, addressing the range anxiety associated with electric vehicles. Cutting-Edge Technology Origem Motos incorporates state-of-the-art technology into their motorbikes. Features like smartphone integration, real-time data tracking, and GPS navigation enhance the riding experience and make electric motorbikes an attractive choice for tech-savvy consumers. Circular Economy in Practice Origem Motos’s approach to the circular economy is comprehensive, positively impacting the product’s lifecycle and the environment. This model is evident in several key areas: Design for Durability and Recyclability From the outset, Origem Motos designs its motorbikes to be durable, reducing the need for frequent replacements and minimizing waste. Additionally, the motorbikes are designed to be recyclable at the end of their lifecycle, ensuring that parts can be reused or repurposed, further reducing environmental impact. Product as a Service (PaaS) Origem Motos adopts a product-as-a-service model, offering leasing options for its electric motorbikes. This approach not only makes electric motorbikes more accessible but also ensures that Origem Motos retains responsibility for the maintenance, repair, and eventual recycling of the motorbikes. This model encourages efficient resource use and reduces waste. The circular economy model Origem Motos adopted significantly enhances their products’ value proposition. It reassures consumers that they are investing in a product that is not only innovative and accessible but also environmentally responsible. This model positions Origem Motos as a leader in sustainable practices within the transportation sector, reflecting a deep commitment to meeting the current needs of society and ensuring the well-being of future generations. Fighting Climate Change with Carbon Neutrality In 2023, the company took a step forward by achieving the Green Initiative’s Carbon Neutral Certification as a tangible expression of its commitment and dedication to sustainability. The process of obtaining the certification goes through 3 main steps: 1. Climate Pledge Companies like Origem Motos formally pledge to reduce their short- and long-term carbon footprint. This pledge serves as a guiding principle for their sustainability efforts. 2. Carbon Footprint Measurement A critical step in the certification process was the comprehensive measurement of Origem Motos’ carbon footprint, encompassing scopes 1, 2, and 3. This involved a rigorous assessment of direct and indirect emissions, from maintenance to transportation and other business activities. By identifying and quantifying these emissions, Origem Motos could pinpoint critical areas for reduction and set precise targets for improvement. 3. Carbon Credit Offset Origem Motos invested in high-impact carbon credits to neutralize its remaining carbon footprint. These credits support projects that reduce or capture greenhouse gas emissions from the atmosphere, such as Amazon forest conservation initiatives and developing clean energy technologies. This step offsets Origem Motos’ emissions and contributes to global efforts to combat climate change and promote sustainability. Building on the momentum of achieving carbon neutrality, Origem Motos is outlining its Climate Action Plan to further its commitment to environmental responsibility. This plan includes a series of ambitious targets and strategies designed to propel the company and its stakeholders towards a more sustainable future. Mitigating Climate Change through Electric Transportation in Brazil Brazil’s transition to electric transportation represents a transformative opportunity to address climate change while catalyzing socio-economic benefits. Electric vehicles have multifaceted advantages, highlighting their potential to revolutionize urban mobility, environmental health, and economic prosperity. Zero Tailpipe Emissions Electric motorbikes stand out for their absence of tailpipe emissions. Unlike traditional vehicles that release carbon dioxide, nitrogen oxides, and particulate matter, electric motorbikes offer a clean alternative, directly contributing to reducing urban air pollution. This shift is crucial for Brazil, where many cities grapple with air quality issues that directly impact public health. Broader Environmental Impact Beyond tailpipe emissions, the lifecycle emissions of electric vehicles, including manufacturing and electricity generation, are increasingly lower due to advancements in renewable energy and battery technologies. As Brazil advances its renewable energy capacity, the environmental footprint of electric transportation is set to decrease further, offering a sustainable path forward in reducing greenhouse gas emissions and combating climate change. Job Creation and Industry Development Brazil’s electric vehicle sector offers substantial economic opportunities. The development, manufacturing, and servicing of EVs and related infrastructure, such as charging stations and battery recycling facilities, can create new jobs and spur industrial growth. This sector’s expansion is poised to attract investments, foster technological innovation, and position

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Evolving Horizons: Strengthening Voluntary Carbon Markets in the Era of REDD Reform

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In the quest to meet ambitious emissions reduction targets and navigate the complex landscape of climate change mitigation, the debate surrounding the voluntary carbon market (VCM) and its relationship to forest conservation has gained significant traction. At the heart of this discourse is the concept of REDD (Reducing Emissions from Deforestation and Forest Degradation), its potential as a carbon offsetting mechanism, and the urgent need to reform and improve the integrity of its methodologies. The urgency of achieving net-zero emissions by 2050 has spotlighted various strategies, and forest protection is a critical player in this endeavor. The inherent benefits of forest protection, from carbon sequestration to biodiversity conservation, underscore its potential in the fight against climate change. However, using carbon credits from REDD initiatives has been met with skepticism due to concerns about environmental integrity and potential negative impacts on indigenous peoples and local communities. Critics have pointed to flaws within the current REDD framework, highlighting issues such as inflated emission reduction claims and negative social impacts. Rather than discrediting the potential synergies between forest protection and the VCM, these criticisms underscore the urgent need for comprehensive reforms. Addressing these challenges head-on through substantial changes to REDD methodologies is imperative, prioritizing improving credit integrity. The evolution of REDD methodologies and governance structures for the VCM is a beacon of hope for 2024, steering the market trajectory toward higher-integrity REDD credits. This recalibration is critical to shaping how REDD credits will be perceived and valued in the marketplace. Collaborative efforts involving key certifiers across the VCM have laid the groundwork for this transformative shift. They are working to ensure that finance from multiple sources, including carbon markets, can effectively address the significant costs of halting deforestation at scale. The path to reform requires a multi-pronged approach. Improved methodologies enhance the integrity of REDD credits and strengthen their contributions to climate change mitigation, biodiversity conservation, and the well-being of Indigenous Peoples and local communities. By aligning financial incentives with environmental and social imperatives, this reformed approach to REDD paves the way for a more robust and sustainable approach to addressing deforestation through the VCM. At this critical juncture, the commitment to revise REDD methodologies underscores a collective recognition of the challenges and a broad commitment to manage them. The path to reconciling carbon markets with forest conservation is an evolving one that will require ongoing review, adaptation, and collaboration among stakeholders. As the world grapples with the imperative of halting deforestation and advancing climate goals, emerging trends in the VCM underscore a turning point toward an era where integrity, sustainability, and inclusiveness converge to redefine REDD’s role in shaping a more resilient and equitable future for forests and those who depend on them. Revised methodologies and governance improvements are ushering in a new chapter characterized by strengthened commitments, increased accountability, and a shared vision of using market mechanisms to protect forests while mitigating the global climate crisis. This ongoing evolution represents a change in approach and a collective determination to turn over a new leaf and lead the VCM into a future where forest protection symbolizes environmental responsibility and global cooperation. Green Initiative: Guiding Enterprises Toward Responsible Climate and Nature Positive Carbon Offsetting Empower your enterprise to participate in Climate and Nature Positive Carbon Offsetting with responsibility and efficacy. At Green Initiative, we guide you in making well-informed decisions, adeptly managing risks, and attaining your sustainability ambitions in a credible and impactful manner. Our custom solutions are crafted to align with your unique requirements, encompassing your industry, size, and specific sustainability pledges. Contact us today to explore how our advisory services can support your company’s journey toward a more resilient, responsible, and climate-positive future. Written by Frédéric Perron-Welch, Head of Climate and Nature Policy from the Green Initiative Team.

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Taking Care of Earth’s Breathing: Why Removing Carbon Dioxide Matters

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Imagine Earth as a big, living puzzle. It’s old and always changing, with everything connected in a never-ending cycle. Things like carbon and nitrogen, super important for life, keep moving around between living stuff, oceans, land, and the air. Even the hard outer layer of the Earth gets recycled, just like how old stuff gets reused to make something new. But sometimes, things don’t go smoothly in this cycle. The rocky tops of eastern Arabia show that there are hiccups, interruptions in how the Earth usually works. Fixing Too Much CO₂: Why Removing Extra Carbon Matters for Earth One of the big problems causing trouble is too much carbon dioxide in the air. It’s happening way too fast because of what people are doing. This extra CO₂ messes up the Earth’s natural balance, causing big problems for the climate and the places where living things survive. Taking out this extra carbon dioxide from the air is super important. It’s like fixing a part of the Earth’s natural rhythm that’s gotten messed up. But not enough attention is given to this solution, even though it’s really crucial for fixing the mess we made with too much CO₂. Getting rid of this extra carbon dioxide means using different ways to trap it and keep it away safely. Some of these ways are pretty natural, like planting more trees or finding better ways to keep carbon in the ground. Others use fancy tech to suck carbon dioxide out of the air or store it underground. But doing these things on a big scale is tough. It costs a lot of money, and we’re not sure if it’ll work for a really long time. United for Change: Restoring Earth’s Balance by Removing CO₂ There’s not enough push from leaders or enough people knowing how urgent it is to start doing these things. But the picture of arrows in a circle against mountains shows how everything is connected and keeps going around. It’s a reminder that we need to fix this part of the Earth’s cycle that’s been thrown off. We can’t wait. We have to start caring more about taking out extra carbon dioxide to fix our climate. We need to use these methods to balance things out and make sure the Earth stays healthy for the future. Giving attention to removing carbon dioxide is crucial for us to fight climate change and keep our planet safe. Businesses and Organizations have a significant role to play in addressing carbon dioxide removal and mitigating climate change Here are some initiatives to take: By taking these steps, companies not only contribute to addressing the urgent need for carbon dioxide removal but also demonstrate corporate responsibility and sustainability, setting an example for others to follow suit in the fight against climate change. Conclusion The battle against climate change demands collective action, and companies stand at the forefront of this crucial fight. Embracing initiatives for carbon dioxide removal isn’t just a choice; it’s an urgent necessity for the health of our planet and the future of all life upon it. At Green Initiative, we’re committed to supporting businesses in their journey towards sustainability and carbon neutrality. Our expertise and tailored solutions can assist companies in implementing effective strategies for carbon dioxide removal, reducing their environmental impact, and leading the way towards a greener future. We understand the challenges and complexities involved in this endeavor, and we’re here to provide guidance, innovative solutions, and dedicated support to make a real difference. Contact us today to explore how we can work together towards a world where responsible corporate practices pave the way for a healthier, more sustainable planet. Together, let’s make a lasting impact and shape a better tomorrow.

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Forest Conservation and Restoration: A Crucial Ally in the Fight Against Climate Change

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The urgency of addressing climate change has never been more evident, and a recent study underscores the potential of forest conservation and restoration in mitigating the climate crisis. Published in Nature.com and based on collaboration among hundreds of leading forest ecologists, the research emphasizes the importance of allowing existing trees to age in healthy ecosystems and restoring degraded areas. The findings suggest that through these measures, an impressive 226 gigatonnes of carbon could be sequestered—equivalent to nearly 50 years of US emissions for 2022. However, the study cautions against the simplistic approach of mass monoculture tree-planting and offsets, urging a nuanced strategy that prioritizes both carbon drawdown and biodiversity. The Carbon Sequestration Potential The study highlights that humans have cleared approximately half of Earth’s forests, with ongoing destruction in critical regions like the Amazon rainforest and the Congo basin. The research estimates that outside of urban agricultural areas in regions with low human footprints, forests can draw down significant amounts of carbon. Protecting standing forests and allowing them to mature into old growth ecosystems, such as the Białowieża forest in Poland and Belarus or California’s sequoia groves, could realize 61% of this potential. The remaining 39% could be achieved by restoring fragmented forests and areas that have already been cleared. The Role of Biodiversity Emphasizing the importance of biodiversity, the researchers warn against planting vast numbers of single species, citing that such monoculture approaches would hinder forests from realizing their full carbon drawdown potential. The study advocates for urgent cuts to fossil fuel emissions and stresses the significance of biodiversity in aiding forests to achieve their maximum carbon sequestration capabilities. Challenges and Considerations The researchers acknowledge challenges such as the increasing threat of forest fires and rising temperatures due to the climate crisis, which could diminish the potential of forests to sequester carbon. Lidong Mo, a lead author of the study, notes, “Most of the world’s forests are highly degraded. In fact, many people have never been in one of the few old growth forests that remain on Earth.” To overcome these challenges and restore global biodiversity, ending deforestation becomes a top priority. Meeting Targets and Moving Forward While acknowledging the commitment made at Cop26 in 2021 by world leaders to halt and reverse deforestation by the end of this decade, the researchers stress the need for countries to stay on track. Brazil, Colombia, and Indonesia are mentioned as nations making progress, but overall, concerted global efforts are necessary. The study underscores the importance of meeting targets set by the UN climate and biodiversity agreements to unlock the full potential of forests in the fight against climate change. Conclusion In conclusion, the study offers a hopeful perspective on the role of forest conservation and restoration in the battle against climate change. It not only emphasizes the massive carbon drawdown potential but also highlights the need for a holistic approach that prioritizes biodiversity and addresses the challenges facing the world’s forests. As the global community grapples with the climate crisis, the study suggests that a combination of protecting standing forests and restoring degraded areas could reshape forest conservation from mere emissions avoidance to a powerful tool for massive carbon drawdown. Source: The Guardian

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Carbon Neutral Logistics: A Business Opportunity and Climate Imperative

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The context The logistics industry plays a significant role in the economy. The global logistics market is projected to reach USD 12.68 trillion by 2027, driven by the growth of e-commerce, globalization, and increasing demand for the efficient supply chain management. Furthermore, international trade and logistics create significant employment opportunities. In the United States alone, the logistics industry employs over 10 million people, with employment in the sector expected to grow by 7% between 2019 and 2029. Similarly, in Europe, the logistics sector employs over 11 million people, making it one of the largest employers in the region. Why is carbon-neutral logistics necessary? Decarbonizing logistics is important for several reasons. Firstly, logistics is a significant contributor to global greenhouse gas emissions. According to the International Energy Agency (IEA), the global transportation sector, which includes logistics and international trade, is responsible for approximately 24% of energy-related CO2 emissions. Additionally, the United Nations Conference on Trade and Development (UNCTAD) estimates that maritime shipping alone accounts for around 2.5% of global greenhouse gas emissions, projected to increase by up to 250% by 2050 without additional action. Decarbonizing logistics is essential for achieving global emissions reduction targets and addressing the climate crisis. An emerging demand for carbon neutral logistical services There are several reasons why logistic companies should invest in carbon neutral service. First and foremost, it is essential to address the urgent need to reduce greenhouse gas emissions to mitigate the impacts of climate change. With the transportation sector responsible for a significant portion of global greenhouse gas emissions, reducing emissions from logistics operations is crucial for meeting global climate goals. Moreover, investing in carbon neutral services can also be a business opportunity for logistics companies. Many businesses and consumers are becoming increasingly aware of the environmental impact of their supply chain and are looking to reduce their carbon footprint. By offering carbon neutral services, logistics companies can differentiate themselves from competitors, appeal to environmentally conscious customers, and potentially increase revenue. In fact, there is growing evidence to suggest that there is a significant demand for climate smart or carbon neutral logistical services. • A survey conducted by UNCTAD found that 70% of respondents plan to purchase more products and services from companies with a lower carbon footprint.• A report by DHL found that 69% of companies surveyed have implemented or plan to implement a carbon reduction strategy in their supply chain (DHL, 2019).• McKinsey also found that 47% of companies surveyed have set a carbon reduction target for their supply chain, and 87% of these companies believe their suppliers can help them achieve their targets.• A study by EcoVadis found that 62% of companies surveyed said that sustainability is a key factor in their purchasing decisions, and 38% have implemented sustainability criteria in their supplier selection process.• The International Transport Forum estimated that there will be a demand for up to 60% lower emissions in the global logistics sector by 2050 (International Transport Forum, 2018). In summary, investing in climate smart logistical services is essential for reducing greenhouse gas emissions, meeting global climate goals, and addressing customer demand for more sustainable products and services. Climate neutral logistics on practice DHL DHL is committed to becoming carbon neutral by 2050 and offers a range of carbon neutral shipping options to its customers. These options include carbon offsetting, biofuel, and electric vehicles. Maersk Maersk, the world’s largest container shipping company, has set a goal to become carbon neutral by 2050 and offers carbon neutral shipping options to customers through its “Carbon Neutral Programme.” UPS UPS has set a goal to reduce its greenhouse gas emissions by 12% by 2025 and offers carbon neutral shipping options to customers through its “UPS Carbon Neutral” program. FedEx FedEx has set a goal to reduce its greenhouse gas emissions by 50% by 2030 and offers carbon neutral shipping options to customers through its “FedEx Carbon Neutral” program. Amazon Amazon has committed to becoming carbon neutral by 2040 and offers carbon neutral shipping options to customers through its “Shipment Zero” program. These companies are just a few examples of logistics providers that are actively working to reduce their carbon footprint and offering carbon neutral options to their customers. By investing in these services, customers can offset the carbon emissions associated with their shipments and support companies that are leading the way in sustainability through decarbonizing their value chain. Who is leading this change? Some of the key players promoting the decarbonization of international trade and logistics are: IMO The International Maritime Organization (IMO) has set a target of reducing emissions from the sector by at least 50% by 2050 compared to 2008 levels. Global Maritime Forum Is leading a global call to action with the aim to accelerating maritime shipping’s decarbonization with the development and deployment of commercially viable deep sea zero emission vessels by 2030 towards full decarbonization by 2050. World Economic Forum Through the Supply Chain & Transport CEO Statement, the World Economic Forum is promoting a coalition of business leader in the transportation supply chain to run entirely on net-zero energy sources by 2050. Why Green Initiative? At Green Initiative we are working with leading global shippers and carriers to reduce their carbon footprint and improve climate performance in freight transportation. Our aim is to support the decarbonization of national and international trade by 30% by 2030 and to support the transition to zero emissions freight sector. We collaborate with our global partners to quantify impacts, identify solutions, and advocate logistics decarbonization strategies.

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Walking the Talk: Why USAID Contractors Should Care About Carbon Footprints?

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US Government’s OASIS+ Contract Vehicle Promotes Sustainability and Reducing Greenhouse Gas Emissions As the world grapples with the effects of climate change, governments, and organizations are increasingly focusing on reducing greenhouse gas emissions and promoting sustainability. The US government is no exception and has taken steps to address climate change through various initiatives, including the OASIS+ contract vehicle. This contract vehicle, developed by the General Services Administration (GSA), streamlines access to professional services, including sustainability-related services like carbon footprint management. US Government Agencies Now Require Scope 1 and 2 Disclosures from Contractors for Sustainability Initiatives Many US government agencies, such as EPA (Environmental Protection Agency), DOD (Department of Defense), and USAID (United States Agency for International Development), are now requesting Scope 1 and 2 disclosures from their contractors as part of their sustainability initiatives. Scope 1 emissions are directly generated by an organization, while Scope 2 emissions are indirect emissions generated by the organization’s consumption of purchased electricity, heat, or steam. Disclosure of Scopes 1 and 2 Emissions Helps Contractors Reduce Carbon Footprint and Boosts Business Performance Disclosing Scopes 1 and 2 emissions can help contractors identify opportunities for carbon footprint mitigation, crucial to reducing greenhouse gas emissions and slowing down global warming. In addition to reducing climate impact, a study by the UN found that companies that disclose their climate performance have a 67% higher return on equity than those that do not. This suggests that reducing carbon footprint can lead to lower operating costs, improved efficiency, and a more competitive market position. Emissions Reporting Crucial for Contractors Seeking Government Contracts, Particularly with USAID’s Focus on Sustainable Development Reporting on emissions can also improve contractors’ climate performance, which is increasingly important to many government agencies when evaluating contractors. This is particularly relevant to USAID, which invests millions of dollars in international aid to promote sustainable development in emerging economies. USAID contractors should therefore be accountable for their climate impact to demonstrate a commitment to sustainability. Partner with Green Initiative to Reduce Carbon Footprint and Improve Sustainability Performance: Position Yourself as a Climate Leader in International Development. Contact us Today! Green Initiative is a certification and climate advisory that specializes in helping organizations reduce their carbon footprint and improve their sustainability performance. By partnering with Green Initiative, USAID contractors can access expert advice and support to identify opportunities for carbon footprint mitigation, implement sustainability initiatives, and improve their climate performance. Green Initiative’s services can also help contractors meet the increasing demand for sustainability from government agencies like USAID and position themselves as leaders in the climate-smart international development arena. In addition to the benefits to contractors, reporting on Scopes 1 and 2 emissions can contribute to the US government’s broader efforts to address climate change. President Biden’s recent Executive Order on “Climate-Related Financial Risk” directs federal agencies, including USG contracting agencies such as USAID, to identify and disclose the climate-related financial risks their programs, assets, and liabilities face. The Order also requires federal agencies to integrate climate-related risk analysis into their procurement processes. By disclosing their carbon footprint, USAID contractors can help federal agencies like USAID meet these requirements and contribute to the broader goal of promoting sustainability and mitigating the impacts of climate change. In conclusion, USAID contractors should walk the talk, when it comes to promoting sustainable and climate-smart development. By disclosing Scopes 1 and 2 emissions, contractors can identify opportunities for carbon footprint mitigation and improve their sustainability performance. Green Initiative can provide expert advice and support to help contractors achieve their climate-performance goals and meet the increasing demand for climate action from government agencies like USAID. Contact us today to learn how we can assist you in achieving your climate performance goals.

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The Importance of Investing in Carbon Capture Technologies

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The Earth’s natural carbon sinks: Understanding their vital role in climate change The Earth has a remarkable ability to naturally sequester carbon, through a variety of processes that occur in ecosystems including forests, grasslands, wetlands, soils, and oceans. These natural processes, also known as “sinks,” play a crucial role in removing carbon dioxide, a major greenhouse gas, from the atmosphere and storing it in the Earth’s ecosystems. Although, recent studies suggest significant carbon sinks such as the Amazonia, may no longer be capturing as much carbon as they release. (Denning, 2020) The Impacts of Climate Change on Natural Carbon Sequestration Processes: Disruptions and Consequences Rising temperatures, changing precipitation patterns, and altered ecosystems due to climate change have disrupted natural carbon sequestration processes. For example, climate-induced disturbances such as wildfires, droughts, and floods can disrupt ecosystems, leading to changes in vegetation growth, carbon storage in soils, and oceanic carbon uptake. These combined impacts of climate change and human activities are reducing the Earth’s ability to naturally sequester carbon, contributing to the increase of atmospheric carbon dioxide levels and exacerbating climate change. Exploring the Potential and Limitations of Forest Regeneration as a Climate Mitigation Strategy To counteract the negative effects associated with increasing atmospheric carbon dioxide levels, climate certification and advisory companies most commonly employ the method of forest regeneration. This method is preferred due to the limited amount of required monitoring and maintenance, the added benefits to biodiversity and soil conservation, and its cost-effectiveness. Scientists estimate forest regeneration has the potential to store an equivalent of 25% of the atmospheric carbon pool (Bastin et al., 2019). However, forest regeneration is a time-consuming process and requires large areas of land, often resulting in land-use conflicts. Furthermore, considering the UN’s ambitious goal to reach carbon neutrality by 2050, it is unreasonable to hypothesize all the carbon mitigation will occur through forest regeneration. Carbon Capture and Storage (CCS) and Bioenergy with Carbon Capture and Storage (BECCS): Potential, Limitations, and the Need for Investment Decarbonization can also take place through Carbon Capture and Storage (CCS) and Bioenergy with Carbon Capture and Storage (BECCS). These emerging technologies have the potential to help mitigate the relatively large carbon footprint of aviation, maritime, and heavy industries that are considered hard to abate, as they have limited low-carbon alternatives currently available. For example, estimates suggest that CCS has the potential to capture and store up to 45% of the CO2 emissions from industrial processes. Even in the most conservative scenarios, these technologies are expected to scale up in demand enough to remove at least 2 gigatons per annum (GTPA) of carbon dioxide by 2050. However, we are still at the very beginning of development, with CCS and BECCS requiring large amounts of energy to operate and thus, having a limited carbon capture efficiency. Analyst estimates suggest a 120-fold increase in carbon uptake needs to occur for these technologies to be viable to achieve climate goals by 2050 (McKinsey, 2022) Therefore, private investment in these technologies is essential to achieve global decarbonization as it is only through advancements in material science, manufacturing, and engineering optimizations that we achieve technological improvements. Join the Climate Champions: Partner with Green Initiative for Sustainable Solutions At Green Initiative, we strive to help our clients stay up to date with the latest developments in climate action and provide our clients with the necessary tools and knowledge to set a plan to achieve decarbonization, reduce their carbon footprint, and contribute to a sustainable future. Contact us to learn more and become a part of our climate champions! This article was writen by Marc Tristant, from the Green Inititative team. References: Bastin, J., Finegold, Y., Garcia, C., Mollicone, D., Rezende, M., Routh, D., Zohner, C. M., & Crowther, T. W. (2019). The global tree restoration potential. Science, 365(6448), 76–79. https://doi.org/10.1126/science.aax0848 Denning, A. S. (2021). Southeast Amazonia is no longer a carbon sink. Nature, 595(7867), 354–355. https://doi.org/10.1038/d41586-021-01871-6 Scaling the CCUS industry to achieve net-zero emissions. (2022, October 28). McKinsey & Company. https://www.mckinsey.com/industries/oil-and-gas/our-insights/scaling-the-ccus-industry-to-achieve-net-zero-emissions

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