The scientific community has clearly stated the need to reach net-zero global CO2 emissions by 2050 in order to limit global warming to 1.5°C and to reduce the destructive impacts of climate change on human society and environment. This means that we have to transition to a low carbon economy and sequester and store carbon to balance out any emissions that we cannot abate.
Studies have shown that consumers are prepared to change their habits, reduce their environmental impact, and put pressure on companies to adopt a more socially and environmentally responsible behaviour.
Governments and investors now recognise that climate change and the continued destruction of nature represent two of the most significant risks to the global economy. Governments across the world are setting new ambitious environmental policies and incentives, and investors are integrating climate and nature-related risks into their investment decision-making. As a result, businesses are under pressure to take action on climate change, nature protection and restoration.
For businesses to align with science-based net-zero, they must:
•Achieve value-chain emission reductions consistent with the level of abatement required for pathways that limit global warming to 1.5°C with no or limited overshoot;
•Neutralise the impact of any source of residual emissions that remains unfeasible to be eliminated by permanently removing an equivalent amount of atmospheric carbon dioxide.
Business-as-usual extractive practices at the expense of rural communities lead to unsustainable production practices at an alarming pace, threatening biodiversity & contributing to climate change globally.
Contribute to 62% of Colombia's emissions. This is even more imperative in the Amazon where the basin is projected to have the largest potential for forest loss globally.
If these trends remain unchecked, impacts on the communities, natural capital stocks and future health of ecosystems could be severe.
Climate change could further induce the displacement of people, increasing the risk of conflicts.
Nature-based solutions are a crucial part of Voluntary Carbon Markets, harnessing the power of the planet’s natural resources to address the dual climate and biodiversity crises. Done well, nature-based solutions protect and restore vital habitats to increase biodiversity at the same time as reducing atmospheric greenhouse gas emissions by avoiding or removing them.
Land-use change ranks second only to the burning of fossil fuels as the biggest source of emissions that contribute to climate change. Investing in tropical rainforests to sequester and store carbon can have a significant beneficial climate impact; according to the IPCC, reducing deforestation and forest degradation rates represents one of the most effective and robust options for climate change mitigation.
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