Restoring Nature Can Provide 30% Of Carbon Reduction Targets
- Media Manager
- Apr 19, 2023
- 1 min read
Forbes
Written By: Marianne Lehnis
Published: April 20th, 2023, 04:11pm EDT
It’s Time For Carbon Offsets To Step Up
When you know that 1/3 of all carbon emissions could be eliminated with one ready-to-go solution, the fight to save the planet from climate change suddenly becomes much less formidable. The truth is that rescuing our earth is easier than we might think. The solution lies in front of our eyes; it’s nature itself. Allow the earth to replenish and carbon reductions will take care of themselves.
But nature regeneration requires two things: money and expert management. The carbon market has potential to be the catalyst for both of these things, it’s already channelling millions into largescale nature restoration. It creates the regulatory framework needed to require commercial CO2 emitters to be held financially accountable – to pay to offset the damage their emissions create – by investing back in nature.
Momentum for carbon offsetting is fast gaining traction: from 2021-2022, traded global markets for CO2 permits grew by an incredible 164% last year. Today, carbon trading is worth an estimated $900 billion annually. After the EU’s 2005 Emissions Trading System created the world’s most established CO2 market, Europe became the global hotbed for the carbon market. At 683 billion Euros, Europe accounts for 90% of the global carbon market value.
