x
LATEST ARTICLE Leading German companies: their carbon footprints and reporting practices Read Article

Elevating environmental solutions: economist urges infinite valuation for carbon storage

Afforestation projects and various land-based carbon storage methods are presently undervalued, but they hold the key to securing our planet's long-term environmental stability. This perspective comes from senior German economist Ottmar Edenhofer, who suggests that these initiatives should be valued at levels approaching 'infinity' to ensure effective, lasting control of environmental impacts.

Elevating climate solutions_drone photo of deciduous forest_visual 1Drone photo of deciduous forest.

Edenhofer, renowned as the director and chief economist of the Potsdam Institute for Climate Impact Research and also as the director of the Mercator Research Institute on Global Commons and Climate Change, advocates for a fundamental shift in how we perceive and invest in these vital solutions.

In his view, it's essential to distinguish between 'permanent' and 'non-permanent' forms of carbon storage. Advanced technologies like direct air capture and enhanced rock weathering have the potential to secure carbon for centuries, offering a more lasting impact on our environment.

Read more: How natural climate solutions can help meet the Paris Agreement’s goals

Edenhofer underscores that factors such as high interest rates and land prices across the globe, combined with the need for prolonged carbon dioxide storage, could reshape the economic viability of these projects. To address these challenges, he proposes establishing an independent carbon removal certification authority within the European Union, creating a European Carbon Central Bank to manage the carbon market, and an innovation authority to oversee pioneering technology proposals.

Read more: Gold Standard's role in climate action and sustainable development reaffirmed in independent report

As the carbon removal market continues to expand rapidly, Edenhofer's vision encourages a bright perspective on the future of carbon storage, emphasising the need for higher valuations of these projects. At DGB Group, our mission supports this vision. We specialise in developing global large-scale nature-based projects that sequester significant amounts of carbon. By doing so, we contribute to restoring nature and creating a more sustainable future for all. Our solutions are tailored for governments, organisations, investors, and individuals who share our commitment to making a positive impact on the environment.

Join the forefront of the sustainability movement with DGB

Before you go...

As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.

Read other news

Singapore and Laos are set to strengthen their collaboration in clean energy, food security, carbon ..

A Dubai-based fintech company, AQUAE Impact, has joined forces with Sri Lanka's Earth Restoration to..

A Dubai-based fintech company, AQUAE Impact, has joined forces with Sri Lanka's Earth Restoration to..

Researchers from the Center for International Forestry Research (CIFOR) highlight that understanding..

Let’s get to know you

Let's talk about how we can create value together for your sustainability journey.