Carbon News
  • Members
    • Login
      Forgot Password?
    • Not a member? Subscribe
    • Forgot Password
      Back to Login
    • Not a member? Subscribe
  • Home
  • New Zealand
    • Politics
    • Energy
    • Agriculture
    • Carbon emissions
    • Transport
    • Forestry
    • Business
  • Markets
    • Analysis
    • NZ carbon price
  • International
    • Australia
    • United States
    • China
    • Europe
    • United Kingdom
    • Canada
    • Asia
    • Pacific
    • Antarctic/Arctic
    • Africa
    • South America
    • United Nations
  • News Direct
    • Media releases
    • Climate calendar
  • About Carbon News
    • Contact us
    • Advertising
    • Subscribe
    • Service
    • Policies

Humanity must extract seven to nine billion tonnes of CO2 from the atmosphere every year

5 Jun 2024


Media release | New State of Carbon Dioxide Removal report shows the need for a much stronger set of policies.

Seven to nine billion tonnes of CO2 per year must be sustainably removed from the atmosphere by mid-century if the world is to comply with the 1.5°C Paris Agreement limit. This is highlighted in the second “State of Carbon Dioxide Removal” (CDR) report, the world-leading scientific assessment delivered by over 50 international experts. It was led by Oxford University’s Smith School of Enterprise and the Environment, with the Berlin-based climate research institute MCC (Mercator Research Institute on Global Commons and Climate Change) among the lead institutions.

 

“Although reducing emissions is the primary way to achieve net-zero, CDR has a critical role to play,” says Jan Minx, head of the MCC working group Applied Sustainability Science. “However, when scaling up carbon removal technologies, humanity must avoid jeopardising other goals like future food security, biodiversity, a clean water supply and safe habitats for indigenous peoples. So we have incorporated sustainability criteria into our analysis, which forms the basis of our final figure for a Paris-consistent range of CDR.”

 

Currently, just 2 billion tonnes per year are being removed by CDR, mostly through conventional methods like tree planting. Novel CDR methods – like biochar, enhanced rock weathering, direct air carbon capture and storage (DACCS), and bioenergy with carbon capture and storage (BECCS) – account for only 1.3 million tonnes per year, which is less than 0.1 percent of the total. Methods which are effectively permanent account for only 0.6 million tonnes per year, less than 0.05 percent of the total.

 

CDR has seen a rapid growth in research, public awareness and start-up companies, but there are now signs of a slowdown in development across multiple indicators. “Deploying a diverse CDR portfolio is a more robust strategy than focusing on just one or two methods,” says Oliver Geden of the German Institute for International and Security Affairs (SWP). “Research, invention and investment in start-ups show diversification across CDR methods, but current deployment and government proposals for future implementation are more concentrated on conventional CDR, mainly through forestry.”

 

Steve Smith of the Smith School of Enterprise and the Environment, University of Oxford, says: “Given that the world’s decarbonisation is not on track to meet the Paris temperature goal, there is a need to increase investment in CDR as well as in zero-emission solutions across the board.” Of the overall investment in climate-tech start-ups, only 1.1 percent are for CDR. The report notes that companies involved in this issue have high ambitions which, taken together, would drive CDR to levels consistent with the Paris Agreement. However, these ambitions have little credibility at present, and depend on a much stronger set of policies than currently exists. “Governments have a decisive role to play now in creating the conditions for CDR to scale sustainably,” Smith emphasises.

 

The report urges governments to implement policies that will increase demand for carbon removals. These should include embedding CDR policies within countries’ Nationally Determined Contributions (climate action plans under the United Nations Framework Convention on Climate Change) and developing better monitoring, reporting and verification systems. At present, much of the demand for CDR is coming from companies’ voluntary commitments to buy carbon removal credits. Matthew J. Gidden, Senior Scholar at the International Institute for Applied Systems Analysis (IIASA) comments: “It is clear that delaying crucial emissions reductions only exacerbates the need for mitigation in the future. But the longer the delay, the more limited the role that sustainable CDR can play.”


Related Topics:   Paris Agreement Science

More >
Media releases
More >

Conference to tackle flooding and storms to build a climate-resilient future

Fri 9 May 2025

Protecting communities from flooding and ensuring a sustainable and climate resilient water future will be a key focus at a major stormwater conference in Rotorua next week.

Transpower proposes up to $1.4 billion investment in Cook Strait electricity link

Thu 8 May 2025

Media release | Transpower is seeking views on a proposed investment of up to $1.4 billion in Aotearoa New Zealand’s Cook Strait electricity link to ensure it can deliver an affordable and reliable electricity supply to the country as the economy electrifies over the next 40 years.

Bovotica is a Queensland-based agtech company aiming to reduce methane emissions from cattle and boost productivity

AgriZeroNZ backs methane-cutting probiotic in first Australian investment

Thu 8 May 2025

Media release | AgriZeroNZ, the public-private partnership accelerating development of tools to help farmers cut emissions, is investing NZ$1.5 million in Bovotica, a pioneering Australian start-up aiming to reduce methane emissions from cattle and boost productivity.

Commissioner recommends federated system to improve environmental information

Tue 6 May 2025

Media release | The Parliamentary Commissioner for the Environment has written to Ministers recommending they start work on developing a federated system for environmental information.

Cookstove carbon credits: Recipe for cooking the climate books

Tue 6 May 2025

Media release | A new report reveals that cookstove carbon projects eligible for the Korean Emissions Trading Scheme are at risk of issuing 18 times more credits than they should, echoing past EU carbon market mistakes.

Climate effects of volcanoes beneath the waves

Mon 5 May 2025

Media release | Volcanoes erupting underwater have a distinctive effect on the climate that is larger and more widespread than previously thought, according to an international group led by University of Auckland and Tongan scientists.

EECA and Centre for Sustainable Finance partner to unlock private capital for clean energy

1 May 2025

Media release | The Centre for Sustainable Finance: Toitū Tahua (CSF) and EECA (Energy Efficiency and Conservation Authority) have, today, announced a strategic partnership to accelerate private investment in New Zealand’s energy transition. This collaboration aims to address barriers to financing renewable energy projects and energy efficiency projects.

New VCMI guidance risks justifying carbon offsetting and delaying real corporate climate action, NGOs say

1 May 2025

Media realease | In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct emissions reductions, NGOs warn.

EDS RM Reform Director Dr Greg Severinsen

EDS releases concerning assessment of RMA reform proposals

30 Apr 2025

Media release | EDS has released its comprehensive analysis of the Government’s proposals for a new resource management system and, overall, finds the design concerning.

MEUG welcomes the launch of the Energy Transition Framework

30 Apr 2025

Media release | The Framework brings together generation, retail, the local lines companies and national grid operator Transpower to navigate toward a low-carbon electrified future.

Carbon News

Subscriptions, Advertising & General

manager@carbonnews.co.nz

Editorial

news@carbonnews.co.nz

We welcome comments, news tips and suggestions - please also use this address to submit all media releases for News Direct).

Useful Links
Home About Carbon News Contact us Advertising Subscribe Service Policies
New Zealand
Politics Energy Agriculture Carbon emissions Transport Forestry Business
International
Australia United States China Europe United Kingdom Canada Asia Pacific Antarctic/Arctic Africa South America United Nations
Home
Markets
Analysis NZ carbon price
News Direct
Media releases Climate calendar

© 2008-2025 Carbon News. All Rights Reserved. • Your IP Address: 18.219.133.22 • User account: Sign In

Please wait...
Audit log: