The latest #IPCC report with recommendations on how to deal with #climatechange was released yesterday. Here are some highlights โฌ๏ธ ๐งต 1/20
Once again, it is a massive document, with more than 3000 pages. Part 1 was about the facts, part 2 about the impacts, this one is about answers. The main points are ๐ 2/20 ipcc.ch/report/sixth-aโฆ
๐ GHG emissions are at an all-time high, but growth has slowed down 3/20
โ๏ธ Emissions are unevenly distributedโthe top 10% of households are responsible for 34-45% of todays emissions. 4/20
๐ฌ๏ธ ๐ค๏ธ ๐ The costs for #renewables (solar, batteries, wind) have fallen dramatically during the last years. We need more. A lot more. 5/20
โก Electrification is non-optional. 6/20
๐ฐ ๐ณ #ClimateFinance increased by 60%, but remains below the target of $100 billion by 2020. 7/20
๐งโโ๏ธ Current climate policy measures and pledges are far from sufficient, we need bolder commitments. 8/20
The report contains many, many important details that others will report on today much better than I can. However, there is one area I would like to discuss: The inevitableness of #CarbonRemoval. 9/20
As #emissions continue to rise, the amount of #GHG the world can still release before the planet crosses a very dangerous warming threshold has become alarmingly scarce. Cutting emissions wonโt be enough. We need not only to turn off the tap but also empty the pool. 10/20
We need infrastructure, systems, and policies to suck billions of tons of emissions out of the air. Every year. 11/20
The report makes the following four matters clear ๐ 12/20
1๏ธโฃ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐โwithout significant efforts to eliminate carbon we will find it very difficult to avoid 2 หC. 13/20
2๏ธโฃ ๐๐ ๐๐๐๐ ๐ ๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐โWeโre talking about 31 billion tons per year by 2030. 14/20
3๏ธโฃ ๐๐ ๐๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐โNature-based approaches are good for immediate action, but have permanence problems. 15/20
Technology-enabled solutions are just emerging and need to be industrialized immediately to scale. Other variants are untested and need R&D funding. 16/20
4๏ธโฃ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐โAchieving high levels of carbon removal requires extensive R&D to identify the most effective methods, minimize environmental impacts, andโฆ 17/20
โฆrapidly put large-scale projects into practice. 18/20
To sum it up: We need to explore and fund a diverse range of solutions with billions of dollars every year. And we need bold regulations and visionary commitments to remove as much carbon dioxide from the atmosphere as possible. 19/20
Last week, I outlined how crypto could help us with the problems of the carbon market. Today I would like to introduce you to some of the key web3 players ๐ 1/13
Most people probably remember the "Bitcoin consumes a lot of electricity and therefore emits a lot of CO2" discussion from last year. For days, it was Elon Musk's favourite topic on Twitter. ๐ฆ 2/13
And it's true: Bitcoin and Ethereum are energy munching and carbon farting monsters โ until they rely on proof-of-stake consensus algorithms or others, nothing will change. โก๐จ 3/13
There has been a lot of buzz lately about the interplay or contrast between #crypto and #climate. I think one can help the other! Hereโs why: ๐งต 1/14
1. ๐ Trust and transparency
The most prominent problem with carbon markets โ one of the most effective tools against climate change โ is trust and transparency. The most significant pain points are double-counting (claim) and greenwashing. 2/14
And the issue is not a small one. The financial damage caused by dubious projects runs into billions. Every year. 3/14