Full Title: Net-Zero and Geospheric Return: Actions Today for 2030 and Beyond
Author(s): S. Julio Friedmann, Alex Zapantis, Brad Page, Chris Consoli, Zhiyuan Fan, Ian Havercroft, Harry Liu, Emeka Ochu, Nabeela Raji, Dominic Rassool, Hadia Sheerazi, Alex Townsend
Publisher(s): Columbia Center on Global Energy Policy; Global CCS Institute
Publication Date: September 22, 2020
Full Text: Download Resource
Description (excerpt):
In a report co-authored by Columbia University’s Centre on Global Energy Policy (CGEP) and the Global CCS Institute titled ‘Net Zero and Geospheric Return: Actions today for 2030’, findings reveal that climate finance policies and the development of carbon dioxide removal technologies need to grow rapidly within the next 10 years in order to curb climate change and hit net-zero targets.
The report unveils several additional key findings and recommendations to avoid climate catastrophe:
– With 2020 set to close the hottest decade on record, CO2 emissions need to drop by 50% to achieve net-zero climate goals by 2030
– The rapid deployment of climate mitigating infrastructure needs to occur, including the expansion of CO2 pipelines from the current 8,000 km to 43,000 km by 2030
– Clear climate polices which reduce the financial and regulatory risk of CO2 capture and storage and increase CO2 storage options need to be quickly developed and implemented.