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.
Drone 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.
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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.
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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.
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