Greater investment in technology that removes existing carbon dioxide from the air and oceans is critical to reducing global warming, says new research released during Climate Week NYC 2020.
Net Zero and Geospheric Return: Actions Today for 2030 and Beyond, from the Center on Global Energy Policy at Columbia University SIPA and the Global CCS Institute, says the world needs to go further than reducing the amount of carbon dioxide released to generate power and produce industrial products like cement, steel, chemicals and hydrogen.
The report recommends climate finance policies and technologies will need to grow rapidly within the next 10 years to avoid the worst impacts of climate change and decarbonise the global economy.
It finds that the deployment of innovative carbon removal technology and strong climate policy will require a global effort over the next 10 years to be a true success, and recommends immediate actions needed to achieve net-zero global emissions at lowest cost and greatest speed, including:
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