Full Title: Carbon Dioxide Removal: Driving Systems Change with Breakthroughs in Carbon Dioxide Removal by 2030
Author(s): Ashleigh Arton and Kelson Mears
Publisher(s): Deloitte
Publication Date: December 24, 2023
Full Text: Download Resource
Description (excerpt):
Carbon dioxide removal (CDR) represents a cornerstone of every pathway to limit average global surface temperature rise to 1.5°C in line with the goals of the Paris Agreement. At COP27 in Egypt, the UN Climate Change High-Level Champions launched the CDR 2030 Breakthrough, a suite of ambitious CDR goals to achieve before 2030. As part of the Race to Zero, this Breakthrough sets out what must be done, by whom and when, to deliver the comprehensive change needed to achieve a resilient, zero carbon world.
This report can be seen as a ‘companion’ to the CDR 2030 Breakthrough, providing further detail and depth to the goals. It describes how and why CDR can be scaled-up responsibly on a global level. The CDR 2030 Breakthrough depends on a responsible approach centered around five levers of change: supply, demand, finance, policy and civil society.
Here the latest developments in the CDR sector are described, identifying the signals of progress and direction forward. Solutions for carbon removal must be rolled out in a way that minimizes the rise in average global surface temperature while maximizing co-benefits. These include increased resilience to the impacts associated with climate change, providing security for local communities, and benefits to ecosystems.