Is reducing carbon emissions enough to solve the climate crisis? 🧵
According to SBTi, decarbonizing a company’s value chain in line with science and reaching net-zero emissions by mid-century, is increasingly becoming the minimum societal expectation on companies.
1/4 The Net-Zero Standard stated that companies must decrease their emissions, but they should also remove the residual emissions and go beyond value chain mitigation.
2/4 Companies need to undertake actions or make investments that support climate mitigation outside of their value chains, especially those that generate additional co-benefits for people and nature.
3/4 Earthbanc is working towards financing carbon projects across 100m hectares by leveraging digital MRV, AI and forward contracts to scale climate solutions.
1/8 Measurement, Reporting, and Verification (MRV) is a system used to de-risk carbon forward contracts by providing assurance that the carbon emissions reductions claimed by a project are accurate and reliable.
2/8 MRV systems help ensure the quality of carbon offset projects by providing a standardised and transparent way to measure, report, and verify the emissions reductions generated by a project.
1/5 As part of its efforts to protect the environment, restore biodiversity, and support local ecosystems, @Earthbanc planted 10,000 trees at a selected location in western Germany.
2/5 The tree planting for ERGO Group AG was developed in partnership with #walk15.app, which has a user base of over 420,000 and growing.
3/5 A tree planting program has a multi-fold impact on the environment, which reduces the effects of climate change, sequesters carbon dioxide, provides biodiversity benefits, reduces soil erosion and improves water quality runoff.
1/4 Dec 5th is annually celebrated as World Soil Day to observe the importance of soil as a critical component of ecosystem health. It is also a day to advocate for regeneration of soils globally.
2/4 One of the biggest concerns is that by degrading soils, humanity is not only reducing crop productivity, but is degrading human and animal health, and particularly the soil-gut biome. This needs to be immediately reversed with better management.
3/4 @earthbanc is a promoter of reforestation, conservation, protection, and tree planting which restores soil organic carbon and biology, prevents erosion and restores local ecosystems.
Protecting and restoring forest, mangrove and wetland ecosystems is a critical part of systemic climate action. But their carbon storing benefits are only one part of the story. 🧵 (1/4)
At Earthbanc we support local communities by helping them monetize the carbon value of their forest homelands. This strengthens their livelihoods and incentivizes their continued protection of the forests. (2/4)
Your Earthbanc Protocol Plus plan protects some of the world's most prolific ecosystems, including mangroves in the Sundarbans, rainforests in Costa Rica and cloud forests in the Himalayas. (3/4)
Many carbon offsets have been proven to be inaccurate, by up to 50% or in some cases 100% which means not all carbon offset and credit products should be considered equivalent. 🧵 (1/5)
Earthbanc is the first climate fintech company to partner with the European Space Agency to use Satellite and Remote Sensing AI to measure the actual amount of carbon in offsets projects such as forests, agriculture, solar, wind and efficient cookstoves. (2/5)
We developed the technology so that you can buy carbon offsets with confidence in the accuracy and precision of the carbon being claimed in the offset. (3/5)
Did you know that 20-50 billion mangroves, when taking seagrass recovery into account, is equivalent to 1 trillion terrestrial trees in terms of carbon drawdown? 🧵 (1/5)
That means a global effort to halt climate change would require up to 50-fold less trees than the proposed 1 trillion tree target from the ETH Zurich study. (2/5)
Restoring 20-50 billion mangroves could provide us with about 15 years extra time to draw down our emissions and reduce our ecological footprint in order to mitigate climate change. (3/5)