New grouping with interests in low carbon technologies warns that world risks missing climate targets if CO2 removal is overlooked
The world risks missing its target to limit average global warming to 1.5°C without significantly ramping up negative emissions technologies by 2025. The call to action comes in a study by a newly formed coalition of 20 businesses and organisations, which suggests the current pipeline would deliver 150 megatonnes of carbon removal by 2025, compared with the between 0.5–1.2 gigatonnes a year needed under scenarios published by the Intergovernmental Panel on Climate Change. The UK’s carbon dioxide emissions in 2020 were 326 megatonnes. By 2050, requirements could be as high as 6–10 gigatonnes a year. Given their environmental significance, the technologies are underfunded, the report claims.