COP29: PIK and KfW Launch Financing Concept for Carbon Removals at World Climate Summit
November 12, 2024
November 12, 2024
POTSDAM, Germany, Nov. 12 (TNSres) -- The Potsdam Institute for Climate Impact Research issued the following news release:
Since the reduction of CO2 emissions is too slow to limit global heating to 1.5 C, a great deal of CO2 must be removed from the atmosphere. Depending on the scenario, this will cost up to 2 percent of annual global economic output in 2050. This effort is economically imperative because the climate damage per tonne of CO2 is many times higher. However, this would . . .
Since the reduction of CO2 emissions is too slow to limit global heating to 1.5 C, a great deal of CO2 must be removed from the atmosphere. Depending on the scenario, this will cost up to 2 percent of annual global economic output in 2050. This effort is economically imperative because the climate damage per tonne of CO2 is many times higher. However, this would . . .