π¨NEW STUDYπ¨
"Six models are used in a recent study to analyze the climatic, environmental & socio-economic consequences of #overshooting a C budget consistent with the 1.5Β°C temp target along the cause-effect chain from emissions & #CarbonRemovals to climate risks & impact."
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"Global climatic indicators such as CO2-concentration and mean temperature closely follow the #CarbonBudget#overshoot with mid-century peaks of 50 ppmv and 0.35Β°C, respectively."
2/10
Findings of this study highlight that "investigating #overshoot scenarios requires temporally and spatially differentiated analysis of climate, environmental and socioeconomic systems."
3/10
Researchers find "persistent and spatially heterogeneous differences in the distribution of #carbon across various pools, ocean heat content, sea-level rise as well as #economic damages."
4/10
"Moreover, it was find in the study that key impacts, including degradation of marine ecosystem, heat wave exposure & economic damages, are more severe in equatorial areas than in higher latitudes, although absolute #temperature changes are stronger in higher latitudes."
5/10
"The detrimental effects of a 1.5 Β°C warming and the additional effects due to #overshoots are strongest in non-OECD countries (Organization for Economic Cooperation and Development)."
6/10
"Constraining the overshoot inflates CO2 prices, thus shifting #CarbonRemoval towards early #afforestation while reducing the total cumulative deployment only slightly, while mitigation costs increase sharply in #DevelopingCountries."
7/10
"Thus, scenarios with C budget overshoots can reverse global mean temp increase but imply more persistent & geographically heterogeneous impacts. Overall, the decision about #overshooting implies more severe trade-offs btw #mitigation & impacts in #DevelopingCountries."
8/10
Read the study led by @NB_pik entitled: "Exploring risks and benefits of overshooting a 1.5 Β°C carbon budget over space and time" here β¬οΈ iopscience.iop.org/article/10.108β¦
π° Here's your round-up of top #CarbonDioxideRemoval News / Developments from this week (02 December - 08 December 2024):
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π§΅0/24
@heirloomcarbon raised $150M to expand its direct air capture technology. Following the opening of the first U.S. direct air capture facility last year, the funds will support building plants with greater CO2 removal capacity.
@Meta is pledging to contract at least $35 million for carbon removal projects in the coming year as part of their goal to achieve net zero emissions across our value chain in 2030.
π° Here's your round-up of top #CarbonDioxideRemoval News / Developments from this week (25 November - 01 December 2024):
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π§΅0/15
Proveye, a UCD spin-out company has signed a β¬900k contract with European Space Agency to advance remote measurement and monitoring of nature-based solutions for carbon removal in the worldβs grasslands.
The Canadian government recently announced funding for two CDR companies, awarding CAD 5 million to @CarbonEngineer and CAD 1.8 million to @Arcaclimate.
π° Here's your round-up of top #CarbonDioxideRemoval News / Developments from this week (18 November - 24 November 2024):
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π§΅0/19
Thread Contents
1-13: Commercial News
14: Deadlines
15-17: Reports
18-19: Scientific Papers
@Paebbl secured a $2.8 million (β¬2.7 million) Demonstration Energy and Climate Innovation (DEI+) grant awarded by the Dutch Ministry of Climate and Green Growth allowing it to boost the work on the companyβs first demo plant.
π° Here's your round-up of top #CarbonDioxideRemoval News / Developments from this week (11 November - 17 November 2024):
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π§΅0/19
GenZero and Trafigura announced a commitment to invest over $100M in BrΓΊjula Verde, a Colombian project restoring degraded land to generate high-quality carbon removal credits.
Climate insurtech startup, Artio, announced it has raised Β£550k (~$709k) to pioneer insurance solutions for early-stage carbon removal projects through its proprietary risk modelling platform.
π° Here's your round-up of top #CarbonDioxideRemoval News / Developments from this week (14 October - 20 October 2024):
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π§΅0/18
@ENERGY invested more than $58.5 million in federal funding for 11 projects to help develop a commercially viable carbon dioxide removal industry in the United States.
Kenya-based @OctaviaCarbon announced their $3.9m seed round + $1.1m in carbon financing. With this funding, they are set to launch Project Hummingbird by December this yearβThe first DAC+Storage facility in the Southern Hemisphere.