Residual reposted this
A new University of Oxford TIDE paper makes one thing obvious: removals is a unique opportunity for the Global South. A few numbers hit me: • 70-75% of global biomass residues are in developing countries. • 65-70% of the world’s CO₂ storage is there too. • By 2050, the Global South could credibly deliver 1.5-5 Gt of removals a year. • That translates into 3-9.5 million jobs and $180-600B in annual value added. Rural economies, in particular, stand to gain. Most of the feedstock, labour, and land is already there. This isn’t theory; Bolivia, Brazil, and Kenya are already showing what early movers can do. My take? removals is a unique opportunity to allocate capital from places like the US, UK and EU to countries like Brazil, Colombia, India and Ghana. In a world of ever decreasing aid budget, this is even more important. #CDR #VCM Sebastian Manhart Raphaël Cario