Philanthropy Final Report

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Philanthropy Final Report ( philanthropy-final-report )

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INTRODUCTION ” 08 This Agreement...aims to strengthen the global response to the threat of climate change...by a) Holding the increase in the global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels... U.N. Framework Convention on Climate Change. Paris Agreement. Article 2. Page 22. December 12, 2015. THE CONTEXT The Paris Agreement on climate change has united the world in the pursuit of an ambitious climate goal. However, goals alone will not be enough to avert catastrophic climate change. Credible com- mitments to aggressive action are also needed. On this front, the world leaves much to be desired: the collective national mitigation pledges submitted in advance of COP21 fall far short of what is needed to achieve the goals agreed upon in Paris. In order to curtail climate change, we must dramat- ically pick up the pace on climate mitigation action. Rapid mitigation will require that we deploy all solutions possible to reduce carbon dioxide (CO2) emissions. But we cannot stop there. It will also be important to develop solutions to remove excess CO2 that has accumulated in the atmosphere over the past century of industrial activity. Here is where the missing piece of the climate solutions puzzle, carbon removal (i.e. “negative emissions”), enters the picture. Carbon removal solutions — including landscape restoration, car- bon-sequestering agriculture, and negative-emis- sions energy technologies — can work alongside traditional emissions abatement strategies (such as renewable energy and ecosystem conservation) to strengthen climate action. What makes carbon removal solutions particularly valuable is their unique ability to take excess CO2 out of the atmosphere. Without carbon removal, it will take millennia for natural processes to return atmospheric CO2 concentrations close to pre-in- dustrial levels — even if we completely eliminate CO2 emissions.

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