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  • Pedro Barros

Global Warming Acceleration: The Urgency of Carbon Credits




The global climate scenario is changing at an alarming rate. Recent United Nations reports and studies published by Nature Climate Change highlight a concerning reality: we are drastically falling short of the targets needed to combat climate change.

 

The threshold of a 1.5°C increase in global average temperature, a critical point to avoid the worst consequences of climate change, could be reached by 2030. This milestone, previously considered a distant challenge, is now on our doorstep, indicating the urgent need for action.

 

The climate goals set by the Paris Agreement were designed with time horizons that extended beyond 2030, providing a perceived window for gradual adaptation and mitigation. However, the observed acceleration in global warming trends challenges this perception, bringing severe climate consequences much closer than previously imagined. This advancement of deadlines demands an immediate re-evaluation of our mitigation and adaptation strategies.

 

Based on current country commitments, we are on track to reduce only 2% of emissions by 2030, far from the necessary 43% cut to avoid the worst impacts of climate change. This scenario is exacerbated by the continued global reliance on fossil fuels, with predictions of increased coal, oil, and gas production, contradicting climate mitigation efforts.

 

In this emerging reality, carbon credits emerge as vital tools in the fight against climate change. By enabling the offsetting of greenhouse gas (GHG) emissions through investments in conservation projects, ecosystem restoration, and sustainable practices, carbon credits offer a concrete path for companies and individuals to contribute to a global solution.

 

Lux Carbon Standard is at the forefront of this fight, offering mechanisms for companies and individuals not only to meet environmental regulations but also to take an active part in solving this global challenge. Lux Carbon Standard invites all its stakeholders to join in this urgent and necessary journey to combat global warming. Together, we can be effective by investing in carbon credits and promoting environmental sustainability to ensure a viable future for the next generations.

 

Sources:

 

  • Lamboll, R.D., Nicholls, Z.R.J., Smith, C.J. et al. Assessing the size and uncertainty of remaining carbon budgets. Nat. Clim. Chang. 13, 1360–1367 (2023). https://doi.org/10.1038/s41558-023-01848-5

  • United Nations Brazil. (2023, November 8). Governments plan to produce twice as much fossil fuels in 2030 as the 1.5°C warming limit allows. United Nations Brazil. https://brasil.un.org/pt-br

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