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mm hmm, mm
hmm. My
name is Philip, Seagram, Senior director for Africa for
the Thunderbird School of Global Management
and senior advisor at the presidency
in the republic of kenya on innovation.
Welcome to this event.
Um, let me quickly hand it over
to the Dean Ceo under ex general of the
Thunderbird School of Global Management joining us
via zoom
in phoenix Arizona doctor
and Professor Sanjeev program.
Take it away. Thank you so much.
Thank you so much. My dear friend Philip,
welcome dear friends from around
the world. Good morning! Good afternoon. Good evening. I
know we have several joining us also
by zoom and wonderful, wonderful dear
friends and partners in the room.
I want to express my apologies
for not being able to be there in person.
We had a family emergency that we're dealing
with and
we know since the pandemic, these things
have accelerated, broadened and deepened
next, I just want to wish and hope
that everyone is healthy and safe
despite all the challenges that are happening around
our world, our planet. And
finally to thank
our incredible posts
at Salesforce and their leadership,
Suzanne Ruth Barkley
Jamala, so many others
that made this possible. Our incredible
team Philip to go at the
geography Wawel Castle Corsetti and
so many others that always takes a village
to put something like this on and
we're deeply committed at the Thunderbird School of global
Management at Arizona State University to
make a huge difference in this world that is so
challenged and to advance sustainable
and equitable prosperity worldwide.
Um I want to share that
this global carbon removal partnership
that we are reintroducing to everyone
today started with a task
force at Davos in 2019,
so three years ago and
uh we've come a long way since then
soft launching the global carbon removal partnership
at cop 26 And really looking
out towards cop 27
to really make a transformative impact
at cop 27 beyond. So
I'm gonna share my screen and
uh provide some opening comments
and then press it back to everyone
in the room where we want
to start and let me just minimize
here, dear friends is that
we really have three critical
pillars of climate transformation
as we head towards cop 27.
The African Cup in Egypt
and Sharm El Sheikh Egypt
climate adaptation and resilience
will be at the very top of
the priority list. Our African colleagues
and partners as you're here, I'm sure
Are making this and as are so many others
around the world from small island states
uh and across the planet,
we know that we have to mitigate and get
to make sure that we stay
at below 1.5°
or even less. But the third
critical aspect and and pillar
of co climate transformation that has been to
date truly under
under focused on under prioritized
its carbon removal at scale
carbon removal at scale and oftentimes
carbon removal is put under climate mitigation,
decarbonization but it really deserves
to be pulled out and the recent
I. P. P. I. P. C. C. Working group
report finally as making an
even greater emphasis on
the importance of carbon removal in
order for us to tackle the climate emergency.
We then go to the next line very quickly.
We have to both dick carbonized
and to uh
scale dramatically carbon
removal efforts and they are
not mutually exclusively mutually
exclusive but actually reinforcing.
There are many concerns about
moral hazard. If we focus on carbon removal
It will lessen the pressure on
decarbonization. But we have a global carbon
removal partnership are encouraging
that these have to be seen together
and we know that it is a mathematical
impossibility to get to where we need
to go to stay below 1.5°
of global warming without carbon
removal and scale 90-95%
of the carbon that we have in the atmosphere of 420
parts per million plus or minus and continuing
to grow is legacy carbon
that has to be removed. Uh and
it's like a planetary uh
you know, uh trash
removal. That's what we've done. We put the trash
into our atmosphere and we must
remove it.
More and more stakeholders around
the world are pioneering new and effective
approaches to carbon dioxide removal.
You're going to hear about this in our second panel,
There are natural technological and hybrid
carbon removal solutions that are
increasingly going to scale. There
are many also in development
that require greater research and development financing
board and policy action
moreover, there are tremendous economic
benefits of investment in carbon removal.
In a white paper we launched three years
ago when we launched the task force on
global carbon removal, we estimated
that there are 3 to 5,000,003
to $5 trillion of economic
social benefits, 1 to $3 trillion
of financial returns possible
for from natural technological
and hybrid solutions like carbon removal.
And so we launched, as I mentioned
the global multi stakeholder partnership
at cop 26 thanks to the incredible
leadership of our partners
and our our leaders, the government
of kenya, the Government of Colombia
Salesforce and we want to thank them
and many others for their leadership members that
work for 2.5 years by then
and now three years task force members
to advance it, many of which you're
going to hear today. So let me
pass it then back very quickly
to my dear friend Philip Thiago
who will welcome some
of our speakers and particularly the leaders
that have been uh supporting us
and driving forward this multi stakeholder
global carbon removal partnership. Our
focus is on bringing
stakeholders together for
truly innovative and scaled impact
and making sure that carbon removal is
a central pillar
towards cop 27
beyond for tackling the climate emergency
back to you Phil. Thank you so much.
Thank you so much Dean program
for those opening remarks quickly,
Let me move and invite Minister
Carlos Eduardo Korea
from the government of Colombia.
Please welcome to the teach.
Uh let me also welcome tim Christophersen
VP of Climate action
or Salesforce. And as they make their way to
the stage, let me recognize members of the
task force Amanda Professor
Mandela's you can wave uh
Philip morse
um buckley at the back
very quietly.
Um
I'll try and keep them here briefly because
it is hot out here literally.
So this is really a hot seat.
Um
please please have a seat.
Um
this is not a panel, so I'll just
welcome the minister to make his quick remarks.
Um and then so we started
the Minister and then we'll move over to the government of kenya
online and then we'll come back to team just to close
this panel. So Minister Korea welcome.
Well, thank you very much. Thank
you team. Nice to meet you.
It's warm here, huh?
Climate change.
Well, thank you very much.
Special greetings to Sanjeev
that is connected.
Well now
in Colombia we have a big
commitment
a
And and two big challenges
to be carbon neutral by 2050
and to be nature positive by 2050.
We we we
I have to put that together, we
cannot live out of the equation
biodiversity and nature. We
are living a tribal crisis,
climate change,
biodiversity laws pollution.
So
now in Colombia, we have
A bill that has signed
President Duke on December
2021 On
December 2020,
we updated our end disease.
We are reducing by 51
Greenhouses emissions
in 2030.
So that's a big commitment
for us and for latin America
Colombia only emits 0.6%
of the emissions globally.
But we are
one of the most vulnerable
countries in the world.
So we need to work, we need
to show
we are the second most biodiverse
country in the world
and
that
indices
and the carbon neutrality strategy
that will launch in cub
26 last year
are now part of
this bill.
So
now it's not only a government action
for four years,
it's in a bill
Signed by the President and I think
it's gonna be the roadmap for the next 30
years.
So thank you Amanda.
So we are
we are working in different issues
and actions.
We are talking about zero deforestation
by 2030
now we have decreased deforestation
in Colombia
30% in these four years
for us in Colombia, 33%
of the emissions
are caused by deforestation.
We are working in
the high ambition coalition,
we are declaring
Our 30% of our territory
as a protected area.
Not in 2038
years before
we are doing it this year before
july
marine areas and continental
areas. So you are all
invited to the declaration in july
we are working
in Blue Economy of course, we're not talking
only about on land but also
in oceans.
We are talking about restoring one million
hectares by 2030
but we are also talking
about claim mobility,
About about having 600,000
electric vehicles by 2030.
Our goals for this government was
in four years to have six
1000 electric vehicles.
Now we have 7000 and we are
Pushing a and
and the climate actual law says that we need
to have 600,000
by 2030
three years ago. Colombia had
only 0.2
of our energy matrix
in non renewable energies.
Now we have 15%
3 years later
in wind and solar. Mostly
we have the first two
projects in green hydrogen.
We started
two months ago.
So we are
working a lot of energy, the energy
transition. We are
investing all the efforts
and now that
we are in this situation globally.
I think Colombia
can be a superpower in
in clean energy,
green hydrogen, blue hydrogen,
wind and solar. We have wind,
we have a lot of water.
We have the best technology
in capturing
trees.
52% of our
country's cover up with forest.
So now
we're talking with Sang Jin. We are working
in the voluntary
and regulated carbon market,
we hope before the year
we already have it regulated,
We have a carbon market five
years ago but we are working
in well
increasing the
the work in the carbon market
and I think Columbia
will be a good place
to invest a good
place to live
and
a good country
to show
how can
things be done
in the future.
So we are working,
we we created um
climate action cabinet,
the president leads the cabinet and
all the ministers
are sitting there in the cabinet
talking and working
every month only
in Climate action. It's so strange,
you know, because it's not useful. You
don't see that, you don't see the
Minister of Education,
Health,
Transportation
in energy
work and labor housing
talking about climate change,
about carbon neutrality, about
carbon capture
and about making
policy.
The most important thing for
a government is policy
making.
If you don't have policy, you only have actions
as a government but
the big responsibilities was going
to happen. And in countries like
Colombia, we don't have presidential
re elections. We only have four
years
of presidency.
So
it's too short time. We were just
talking about that now in four years.
What can you do it in four years? Well,
you can do some actions because
you need to, you know, to close the
gap in poverty. You
need to build houses,
but you need to make policy
that it's that is going to help
us for the next years. So
the Climate Action bill was approved
on december with
100% of the votes in Congress,
No one opposed to the law.
And
I think climate now united
everyone, I mean is the universal
language, I think the climate
and of course the covid,
but climate will be
the issue for the next 30
years and Colombia is very committed to this.
Thank you so much Mr Duke and that is why
he is the advisory council of
the Global Partnership income removal and thank you
so much to you and President Duke for your leadership.
But I think also in in in understanding that policy
really is what anchors action sustainably,
even if you have the four year election
transitions. And that is important. I think,
I think the Colombian experience uh
also shows us that you require a whole of government
approach
at least at this time in terms of
where we are in the climate emergency and
we are feeling it right now, the three of
us as we sit here. Um
so please feel free to interact with the Minister.
I feel free to to sort of study
and and look at what Colombia is doing.
Colombia is a country, the Global South as we had is
one of the lowest emitters yet being a
vanguard country
um in in trying to solve the climate
crisis. As as I transitioned
very quickly, let me invite uh
Mr ali Mohammed Mr Ali Mohammed
is the Special Secretary in the presidency
of the Republic of kenya, appointed
by the President to lead climate
action. He will be speaking on behalf of
of course his excellency,
but also a couple of ministers who were scheduled
to come, but
the entire Kenyan delegation was turned around.
So we have no minister here
because of some emergencies back at home.
Mr ali the floor is yours.
Well, thank you very much Philip
and good afternoon, good morning to talk to you
all and it's a
great pleasure to join this uh permanent
panel uh for us in kenya,
we take climate change as a very
important issue, we're
currently going through electioneering.
So apologies for the ministers
who are supposed to have been there because
of the assignments
that have just come up that they wanted to
come as the Minister
for Columbia, who might very much thank
for patterning with kenya to
lead on the matters of carbon removal has
just said that kenya is
also a leader in matters of
environment, as you probably are aware
in just one week, the world will be
congregated in Stockholm to celebrate Stockholm
plus 50 This is
50 years since unit was established
here in Nairobi and therefore environmental
issues are prominent issue
in the government of Kenya and we give it
a top priority. Climate change
of course has become the in
thing for all over the world. Unfortunately,
in many parts of the world, we have seen the stock
realities about the impacts of climate change.
IPCC reports are a constant reminder
of how climate change is widespread is intensifying
here in kenya, in the Horn of Africa, we
are going through a very serious drought situation
that
it's affecting millions of people,
Three million people here in kenya alone
are fully secure. Unfortunately,
the situation has been made worse by the
covid pandemic that we all experience
in the world and the food security that's
arising from the conflict
in europe currently in Ukraine. So
all these things combined is making the
situation even more so. Having said
that of course with regard to climate change,
we are taking a leadership position
as part of the African group.
We want to see that
the removal of carbon
dioxide which has not been given the
prominence it deserves gets some
good attention of course, over the years
we have kept on talking about carbon
reduction. Carbon dioxide reduction. This
is good. But the truth
of the matter is all the reports that you keep on
getting from the iPCC from
Unip the
gap reports and all that keep on telling us that
the trajectory that we're taking, we are
unlikely to achieve the goal
of the paris agreement of 1.5 or below there
if we continue using reduction
and adaptation of course adaptation
has got its limitations. But the main
focus of addressing carbon dioxide
accumulation in the
atmosphere is reduction and this
litigation.
But we we have been reminded year
in year out by science
top scientists of the world that the reduction
alone will not achieve and therefore
kenya has taken some position
that we want to promote and push
the issue of carbon removal. We have
presented
a proposal to the U. N. General Assembly
the
and we urge other governments
and countries to to help us have
this. We hope that this will also be
pushed during the Sharm a Sheikh
african copters coming up in a few months
so that carbon removal gets
additional attention because
it is unlikely from all
um The fact that we have seen so
far that um production
alone will achieve the target and
and and aspirations that we have on the goals
of the Paris agreement and therefore this
is what Kenya is doing. We have submitted
like many other governments and countries,
our enhanced NBC
just before the end of
2020, we've increased
our ambitions slightly higher uh
From 30% of those in the initial
NBC to 33%
or this is whilst we are
in significant contributors to
to to the problem. But we want to be ambitious
because if we don't take action all
of us as a global community, then
nobody will come to
our aid. And therefore, kenya, despite
the significant contribution to
the accumulation of carbon Live said we
have taken that ambition,
our LTs, the long term strategy which
we've just launched like
again, the Colombian minister has said,
we want to become carbon neutral
by 2050 of course that is the target
of the paris agreement and
kenya's taking leadership role and submitting
it is goals and ambitions
so ours is to
to support uh I'm
very previous privileged myself as early
to have joined the task force uh
Professor ST jeffers, uh
the Thunderbird Global Institute has put
together and I thank the Minister
for Columbia for
co hosting the carbon removal center,
which we hope will be
setting it up here in in Nairobi
kenya as well as um in
Colombia. And so ours is to
give full endorsement to the issues of
carbon removal and we are doing
our bit as as kenya
through the african group and through the
G 77 china group in the negotiations.
I thank you all,
thank you so much, Ali for your leadership
and of course, thank you to the ministers
and the President and the Deputy President
for and for all your work. So
ali was of course Deputy Minister in
the previous administration and our Special Secretary and
hopefully we're also going into an election
minister.
Hopefully if his candidate wins, then
we probably are looking at the bigger things
Without further ado let me hand it over to team,
it will take a multi stakeholder partnership
and an unusual partnership between governments,
private sector and academia. So we've had academia's
voice from Professor Sanjeev. We've had um
minister Korea who also
was a mayor and has a good track record
at local government, so you cover the cross
spectrum of local and national government. We've
had ali and then now
to private sector team.
Thank you Phillip and welcome to the Salesforce
space. Very happy to host you here and also
happy to be part of the partnership?
I recently joined Salesforce as vice
President for Climate action. After a
lifelong career in the public sector, I
worked for the U. N. In fact for you know, up in Nairobi
where I was in charge of nature based solutions,
nature for climate, the U. N. Decade on ecosystem
restoration
and I believe
therefore in the power of public private partnership
and I think both partners have something
important to bring clearly
policy needs to set the right framework
and be visionary and bold, like
we've heard from the minister, like we hear from
other countries
and when that framework is set
scaling solutions up is the business
of the private sector very fast
through innovation, entrepreneurship
money.
And that scaling up needs to happen now it needs to happen
for climate solutions, it needs to happen for nature
based solutions. So, Salesforce
has a net zero
commitments, very ambitious climate strategy,
we are net zero already now, but
we've also committed to
as part of the trillion trees challenge plant
100 million trees and grow
them not only plant them and the right
tree in the right place, we're at 43
million now, we're also buying
for quite a few million
dollars a year emission
reductions from nature based solutions.
So we hope to work with
the countries and the partners who
are credible in the public policy
space to help them accelerate
and push forward their visionary
leadership. So what if
everybody here in Davos who had the power to make
decisions through influencing
others, pushed for a strong
global biodiversity agreement to come
out of the CBD this year, which is this
sort of paris agreement for nature that we
now need.
What if we all pushed for very
strong and fast net zero,
not only within our companies, but
also in governments
and all our peer companies? And
what if we all collaborated on
this together like we do through this partnership. So thank
you very much again for being here and
thank you for having this partnership.
Thank you so much. Minister Korea,
final comment.
Well, you know, I could
I come from the private sector,
I studied business administrations,
administrations and marketing,
so I'm coming from retail
technology,
I don't know what happened to me in 2011
and I run for a major of my city
but and now the
public in this sector
that is
so you know, grateful
and and I'm so happy to be
part
of
this
dream, you know, to make
things happen
and technology is so important.
Scale up scaling up projects
from the private sector is so important so that
mix between private public
and the citizen is so important.
We are part of the 1313
and three's initiative. We
we had a goal two years ago
and in the west in Davos
to plan 180 million trees
in 2022,
We already have planted 123
million
And we'll be finishing
this year with 180
million, not only planting
but
you know, caring,
how do you say team too
growing trees, is that,
that's the word you said? Yeah, we're gonna
be planting by the end of this year.
180 million and growing
180 million, you know,
the most beautiful thing with people,
communities
paid for environmental services, environmental
contracts
And now we have more
than 20,000 families
in the Amazonian region received
an incentive for growing
trees.
So
I'm very happy to be part of the initiative
and of course
and
for this group
to and we'll be,
we'll be working on making things happening.
Thank you so much mr Korea quickly handing it
over, please clap for the minister as we transition
very quickly, let me take it back to process and you
have to make a few comments as I welcome
Aditi Agarwal
to take on the next panel on solutions
sanjeev, thank you so much Philip thank
you so much. Minister Korea, thank you so much tim
and Minister Ali Mohammed, I
just want to share again three principles,
one is partnership and
you see that this is the case
that we've developed over the last three years.
The second is South South
leadership and you see this with the government of Colombia
and the government of kenya.
And the third is a commitment to bold
and concerted action on carbon
removal as a third critical pillar for
climate transformation. So thank
you so much for your leadership, tim ali
and minister Korea um Eduardo,
we're so grateful over to Aditi
Agarwal and Philip again for
the next part where we talk about solutions
as tim rightly said, the business sector
must provide those solutions as the Dean of a
global Business school. This is something that we are
deeply committed to in partnership
with our friends and partners around the world.
So over to you,
thank you Sanjeev. Uh
of course, I think we're all feeling uh
sad about you not being here, you are missed, so
thank you for at least joining us through zoom
during this difficult time.
My name's Aditya Agarwal, I'm
the founder of the Freddy insights and an advisor
to the Dean at Thunderbird School of Global Management.
Um I have the privilege of bringing together
some distinguished speakers here to really talk about
solutions as we think about how
carbon removal needs to be implemented responsibly.
I'd like to welcome Amanda and running to
the stage please.
And I think one of the things that I'm going to ask all of
our speakers to do is we talked through this is
think about how we really
ah
think about responsible carbon removal
in the context of the global South,
what that means for co benefits and social
environmental equity, the development
of responsible projects
and what this really means for the
Global South. So let me first start
with Amanda Ellis who is
the former U. N. Ambassador
and senior director of global partnerships
at Arizona State University,
she's also the co chair of the SDG and Beyond
Beyond Task force with
the program and A. S.
U. Ranks as the number one school
in the US for ScG Global impact and
number two. Uh Worldwide
thank you Amanda and Amanda. I guess
the thing that I wanted you to contribute to is
that there's a lot of promise that's happening
in direct air capture and through the
center for negative emissions. That's at A S. U.
Who's a pioneer and leader in this space. Maybe
you can share about some of the opportunities there.
Thank you so much.
I wanted to greet you in Maori, which is the indigenous
language of my homeland
Otero in new Zealand
and
I've really
signaled the leadership in this room.
You're all here for a reason
and we know that together
as tim and Deion calderon have
said we can move mountains
so it's a real pleasure to be here
and thank you.
Thank you. Salesforce.
We are in a very exciting position
at the CSU julie ann Wrigley Global futures
lab Because we
have the scientist who first
invented direct air capture class
Lochner some 20 years ago
and there are three
entities that are commercializing at scale,
which I think are very interesting. Many of
you will have heard of climb works here in Switzerland
which is active using geothermal
in Iceland, which of course could be an interesting solution
for kenya to in the rift valley
and we have a group
called carbon collect. But what
is different is that the direct air
capture
that class Lochner is hoping we can
scale
is actually passive.
So we have trees too were hoping
for a trillion trees
and their mechanical trees
1000 times more
potent than an ordinary tree
in terms of drawing carbon out of the atmosphere.
So it's a both and solutions we need
both nature based and technology.
And as someone who was a climate
despondent when I was ambassador here
in new Zealand was on the Security Council and
we tried to take climate to the
Security Council as a key issue.
We failed
But Dominica's succeeded
in 2018
so there's now a recognition of the
intersectionality of climate
and security and of course all of us are
concerned that the disproportionate
impact on those in the global south
and on those who are least
able to deal with
this climate emergency
we find ourselves in.
So I also wanted to talk about
certification because we need
to be able to measure the carbon markets.
Carbon markets really
Doubled after cop 26
and Article six
but
we need to make sure that
the certification is there. So
we have a brilliant post doc
from conservation international and congratulations
Colombia on your blue carbon credits.
First in the world. Minister you are
a groundbreaker in so many ways.
So it's fascinating to see how
we can make sure that the certification
is valid and is
a path to the top, a race to the
top, not to the bottom. We were just having a chat
about new Zealand my home country where
at the moment compliance markets for carbon
include
uh mono culture
like pine, $85 a ton
indigenous forests with biodiversity co
benefits 12 to $15
a ton misaligned incentives.
So we're so glad to have tim with
his brilliant policy background and um
experience
in this private sector job because it's going to
take all of us and that's why
the brilliance of Dean cardiogram in really
catalyzing this global carbon removal
partnership is so important. A
thrill to be here and to work with you all. Thank
you.
Thank you so much panda. And some of the work
that we've been doing at the partnership in partnership
with the Global Futures Lab is also looking
at this issue around how
to come up with a better common framework for
carbon sequestration and
that's really looking at adding much more
transparency because as Amanda mentioned,
part of the certification process is
really to ensure that the projects that are going out
into the market are quality, that they're having
the right level of durability uh
that carbon removal in
comparison to other things like carbon avoidance
are well understood and that we're
thinking about the quality of those projects when it comes
to the things that I was speaking to previously around
local ownership and um
environmental and social equity and such.
So thank you for that partnership and thank you for
all the support that you're providing to the partnership itself.
Amanda
next let me introduce renat
Heuberger, I could say a lot about
or not, but let me just start with a few things are not
as a pioneer and social entrepreneur in the field of
sustainability, climate change and
renewable energies. He's the founding
partner and Ceo of South Pole
uh and he coordinated the setup of the company's
global sustainable
solutions business.
In addition, he has been elected social entrepreneur
of Switzerland by the World Economic Forum. Schwab's
Foundation and has served as a member
of the global agenda, Council on Climate Change
of the World Economic Forum.
Not I think that there was a big announcement
that was made recently by South Pole. Do you
wanna talk more about what that announcement
was all about?
Sure, thanks a lot for having us.
Thanks Salesforce
and by the way for anybody who still doesn't
understand how the greenhouse effect
works,
This is how it works.
Okay, it's not, not not
complicated to understand.
Indeed, we are very proud
to announce the
creation of the next chain
carbon removal facility.
Yeah, to scale
carbon removals.
The one thing which currently is missing
is the funding the long term funding
for capturing the carbon
and storage.
We're very proud that we are able to launch that
and even more proud to have
one of our anchor buyers here in the room.
It's martin and Misha from
Swiss re who are one of the initial
sponsors. So I think we're
close to
martin. Misha. We have been working
on this for a long time also
in partnership with Mitsubishi and we have
five more anchor buyers
who have committed to pay the price.
And let me quickly phrase
why this is so important but it is so crucial.
Um I would like to quickly talk about three challenges
in the scale up of removals.
The first one is the sheer scale
itself.
Let's think about it. I.
p. c. c. tells us that um
to stay on a 1.5°
trajectory we need to remove
no less than 165
billion tons.
Okay multiply this
with an optimistic price of $100.
We're not there yet at the moment it's more
200 to $800.
That brings us to the shocking figure
of $16.5 trillion
that we have to put into removals or
about three trillion a year. That's
roughly a percent of the global
GDP
just that dimension.
Now
Of course if you think it's a big figure but
if you think about the challenge, we
might lose 20% of the global GDP
because of climate change,
That might still be a very good deal to put
one ad
That the IMF estimated in 2020,
that fossil fuel subsidies were
5.9 trillion
trillion with a T. So actually
if we compare
this looks good, this looks actually still pretty interesting,
But the scale is still enormous. Specifically
if you compare what we have today last
year, the total
amount of removal that have been certified were something
like 70,000 tons
And we need 165 billion
tons.
So it's a long, long way to go.
But initiatives like this, the commitment
that we have now are actually
unlocking the capital that we
now need,
I need to do my second challenge which is the
diversity of the approaches
we have heard their capture
but
there is
a lot of other ways you can remove
carbon as well and
so that's a challenge and opportunity
at the same time. Um
an opportunity because we have diversity.
For example, how about point
sources of so two like wastewater facility
cement plants where you can capture
missing um We
could capture carbon
and put it as biochar into the soil.
We have new technologies like enhanced weathering,
that's what happens with the rocks but we could accelerate
that, we could do mineralization,
like new cement.
The good news is
That in principle, in theory
the global, globally we
are able geologically
to store up to 20 trillion tons.
So it is technically possible
historic emissions have been one trillion tons.
So you see it's technically possible,
but the diversity
of approaches also means that we have to
research and continue to
improve on a whole number of
approaches because all
of your initial question, we need to make
sure that those approaches are not
causing unwanted side benefits
that might even cause harm.
We didn't see
that leads me to my last challenge. The third,
which is the narrative.
The one thing is to be very careful is that
this big effort to remove
does not distract us from the fact
that we have to avoid a lot of carbon as
well. Um we have to decarbonization.
We should never should be allowed
to use removals as
an excuse to not decarbonization
removals are a very important instrument
that
complements our efforts.
And yeah, I think with this um
I I close and I thank you once again for
having me and thanks for organizing.
Mhm. Mhm.
Yeah, that's a very important point. We very much
need a full portfolio approach when we're addressing
these challenges and congratulations
on the launch of the facility. I think one thing that
you had mentioned while we were talking that the facility now
also has 65 active projects on
the supply side.
That's exactly right. I forgot to mention that because
for us it's so clear South Pole is the developer
of projects globally have nearly 1000.
But we now have, I believe, what is
the world's largest portfolio of removal
projects which actually cover all the sectors
I mentioned before. Um so
we're, yeah, our company is about
really about moving
moving carbon in the ground and stop
talking about it. That's great. Thank you very much.
Um I will say at this point, oh yeah, go ahead.
Amanda. I wanted to put
in a little plug for
publication called 10 new insights
in climate science, which is co
authored by johann Rocks from which many of you will know
from the potsdam institute and
he's co chair of the Earth League with Peter Schlosser
from the Global Futures lab at A S. U.
Please take your free copy from the
back and I for one find this much easier
to understand than the policy summary
uh from the I P C C. So
uh and please, if you want to submit ideas
for the next one, it's always launched
at U N F triple C. So please
let us know. Thank you teacher. Great thanks.
Um let me just say, I will not
be offended if you leave the stage at this point. It
is warm and the rest of the speakers
during this session are gonna be coming in via zoom.
I very sadly have to run to another panel
but they have also christoph and Philip in the room
who are basically Philip is
one of our pioneers who is running the facility. So
they are more much more
knowledgeable than myself to answer
questions. All right, great,
Okay, thank you. So, um now I'd
like to move to our next speaker, brad Ack,
who's the executive director of ocean visions. He
could not join us here in person as he
was literally traveling back
to the US. Thank you for not really appreciate
it. Um,
Brad Brad's conservation career
has spanned 30 years across many
by OEMs from working tropical forest, high deserts,
temperate rainforests to extensive work through the global
oceans. And currently
he's serving as executive director and chief
innovation officer at Ocean Visions.
If we could please get the video
from Braddock started.
Hi everybody. My name is brad Ac
and I'm the executive director of ocean visions.
We are a consortium of
organizations including major
oceanographic and academic
institutions accelerators, investors,
conservation organizations and others
dedicated to developing solutions
to critical problems facing the ocean.
Perhaps none so critical as the disruption
caused by too much carbon
dioxide in the atmosphere.
I know you've already heard a
bunch today about the imperative
for carbon removal and
the ocean adds its voice
to that chorus as
most of the existential threats
that we see in the ocean and the unraveling
of ocean ecosystems is coming
from too much carbon dioxide in the atmosphere.
So my organization has dedicated itself
to developing and testing
new technology approaches
to trying to clean up
this carbon pollution legacy
that is choking the planet and
killing the ocean.
I know you've heard about a number
of different pathways for carbon
removal, many exciting ones
on the agenda and I'm
here to say that we need all of them, we
need all of the above and more that
have not been invented yet, but
the most under invested and
poorly understood pathways
for ocean based carbon removal
to date
are those that use the power of
the ocean
to safely sequester and permanently
store carbon.
The ocean already does this naturally
through its biological cycles
and through
Excuse me, through geological processes
that occur over millennia.
The question in front of us is can
we mimic those processes?
Can we enhance
those processes?
Can we accelerate those processes?
And the jury's out, we don't
know what we do know is that the potential
is there? And we need a massive
amount of new investment
and not just of money but of
people and talent and institutions
to put their shoulders to the wheel
behind all of the different possible
approaches that we might employ in the
ocean to determine how
well they work, how effective and efficient
they are,
What kind of environmental impacts they
have, both positive and negative, what kind
of social impacts they have, both positive
and negative. And we need to do this
quickly. So we need to stand
up a very large program
across the global ocean
of experiments with replicas
in many places,
field trials of the different technologies.
There are broadly five big domains
of ocean based carbon removal. Each
domain has multiple pathways,
multiple technologies that might be employed.
The first and most well understood is blue
carbon, ecosystems, restoring
and preserving the mangroves and sea grasses
and salt marshes that sequester carbon.
The second is the use of microbiology best
known through things like ocean island fertilization
but stimulating blooms of phytoplankton
that can then be used in different ways to
sequester the carbon.
The third is macro algae growing large
scale uh seaweed
that can again be used in a variety
of ways harvested uh and extracting
co products and then
sequestering the carbon in various forms or
sinking the seaweed directly to the bottom of
the sea.
The fourth is alkalinity enhancement,
which is a natural geologic process
but could be sped up by adding alkaline
material to the oceans, which creates
a chemical reaction that removes carbon from
the upper layer of the ocean. And last
is electoral chemistry, just like in the
direct air capture on land
using electricity to separate carbon
from seawater.
We've developed a series of road maps
that explore all of the options
and the needs and the most important
priorities. And we're working to build
a broad based community across
the world
to test and develop these approaches
and to build new initiatives.
Were delighted to work with the global
partnership for carbon removal, the leadership
of Dean cardiogram, the government of kenya,
the government of Colombia and others.
And we look forward to the global south leading
on carbon removal across this
planet, cleaning up this mess
is environmental justice, it
is a moral imperative and
I look forward to working with all of you.
Thank you very much.
So
I came here to Davos from french
Polynesia where I was attending the Blue Climate summit
where a number of organizations had
come together talking about issues across the oceans
and I had the distinct pleasure of actually being
able to spend time on the O'Cealleagh with two
master navigators. O'Cealleagh
is the traditional Polynesian
canoe that sales from Hawaii
to Tahiti and just
by the stars, no instruments at all.
And they had one message for all of us, for
all of us to think of us as navigators
because what navigators do is understand
the environment around that and respect
the environment and that's what allows them to navigate.
So I think we all have a role in that.
With that being said, let me introduce
the next speaker, laura balan
Shane, who's the Vice President for Government
affairs at Blue Planet Systems, she
has a sustainability, she is a sustainability
advocate and professional for over two decades.
Her experiences range from rolls
and solar demand response in
uh building technologies and electric
vehicle infrastructure.
She Blue Planet is
a California based carbon capture
and sequestration company with technology
that enables the sequestration
of CO two into concrete. So
laura, if you could please join.
Hi there, I'm zooming
in from California, a pleasure
to be here. Thank you for welcoming
me. Uh so Blue Planet,
we are a gigatons solution
two carbon removal carbon
sequestration, we
capture CO two from
emitters, we can also capture it from
the air, we permanently sequester
it into aggregate, which
is then made into concrete.
Concrete is the most consumed
in the most used building material and
we believe it is it is a carbon sink
that can contribute to um
exactly what we're talking about here. Carbon removal,
it's also it
is a perfect solution to
building decarbonization. It
enables the reduction
of embodied carbon in buildings.
So um
That our first startup,
we're building pilot plant in California
and we hope to
um commercialize this
and really bring the solution
globally globally. We we did
attend cop 26 will be at cop
27
and um I
work in policy which
I believe the power of procurement
is really the most powerful
policy
That we can that we can
promote, governments procure
more than 50% of the
concrete that's used
and on the planet. And so
my job is to promote
these solutions and use the power of
government procurement.
Great thanks so much laura
um yeah, I mean and I think
in terms of looking at negative building
materials when we're thinking about what some of that potential
is, especially in the Global South. Um
it seems like there's a lot of alignment
there. Do you want to say anything about that?
Sure. Yes. So I
think in addition to building decarbonization,
we enable the decarbonization
of these very difficult to decarbonization
industries such as cement
and steel production. And of course
those industries are
incredibly dominant in
such emerging
um global regions as the Global
South anytime you're building uh
you're using concrete. And so
we hope to connect
with a lot of these global producers of
cement as well as as
steel chemicals to capture
that ceo too, that's so dominant
in these building materials and
we believe that um
you know this is a powerful solution to
these
to these growing
countries that are consuming a lot of building
materials, specifically concrete.
Great thanks Laura Amanda, quick comment.
Thank you laura. Just so exciting
quick point on procurement. As you rightly
pointed out, concrete is something like 6 to 8%
of global emissions. So such an important area
to be focused on
the state of Hawaii not too far from you
has in fact changed its procurement rules
and it's a company called carbon cure I
think. But all the concrete needs
to be green concrete with SEO two
injected. So
maybe that's a start and love to help
you on the policy dimension. Thank you.
Thank you. I'll just add as well
that the United States has taken
a leadership position here recently,
the G. S. A. Which is
basically the general services agency
procurement does procurement
for the federal government. They've also
launched an initiative. They're
going to reduce embodied
carbon in their procurement of concrete
by 20% starting starting
now. So that's very exciting.
That's great. That's great. Thank you so much
Laura. Okay, I'm going to move on to
our last speaker, certainly not least
Henry Mclaughlin, who's a director at
the Capricorn Investment Group.
Um Capricorn is a firm that invests
in iconic technology companies including Tesla,
SpaceX, Planet Quantum scape
and sail drone. Capricorn
was born from the desire to demonstrate the huge
investment potential that resides and breakthrough
commercial solutions to the world's most pressing problems
and is
and as such as one of the original impact
investors.
Um also just say that Capricorn
is pioneering and accelerating clean energy
and carbon removal and arguably
one of the biggest investors
on these types of solutions in response
to its own Net zero pathway. So
Henry, if you're there, can you please join?
Thank you. Thank you for having me and thank you SAnjeev
and a DCF for bringing us together. Um,
I wish I could be with you in
Dallas um, it sounds
like and thank you Salesforce for,
for hosting us and it sounds like there was maybe a metaphor
in the type of
room that everyone is in
on the greenhouse. So something,
something to keep in mind
for those of you not familiar with what
we do at Capricorn, we're essentially
climate solutions, investors were probably
most famous for
a number of investments we've done in clean technologies
over the years from Tesla
to quantum scape and redwood materials,
Joby aviation many others.
And so we're very focused on investing
in technologies that enable
rapid decarbonization of the world economy.
Um,
at the same time we're also
always looking at where we can have a multiplier
effect beyond policy or
other approaches to try to reach our
climate objectives.
And I think we've been,
you know, the past few years we started increasing our investments
in technology related to carbon removal
and utilization companies like 12
that are transforming C. 02
into studio for instance
and other approaches to carbon utilization
which we think will be an important element of
you know, once you capture that carbon through technological
means, what do you do with it? And of course
long, long duration storage is One approach
and another approach is could we use that captured
co two
for industrial processes
or fuel.
And but the reason why
I'm really excited to be here today and I was so inspired
to hear from the governments of Colombia
and kenya and the other speakers before me
is we've also decided to
operate a fully carbon neutral portfolio
starting last year.
And so if you look at my background behind me usually
have a background of some cool
technology that we've invested
in. But today my background is a valley
in Tanzania that was deforested
several decades ago
and that's actually surrounded by old growth
forests that have been protected in the long term.
And partnering with a number of
botanists and people have been working in this
area of Tanzania for several decades
now. We are financing
the reforestation with local species
of that area, working with the local communities
and and making sure it benefits
everyone who lives in that part of the country.
And that's going to sequester about five
million tons of carbon from the atmosphere
over the next two decades or so.
And this is one of several projects that we're launching.
Um it represents a cost to
our firm of about $10 million dollars a year,
starting last year. So I think of it as
$100 million for this decade.
Um and the
reason why I think it's an interesting
way of doing it is we're actually technology
investors. So you would think it's a little bit counterintuitive
for us to go to nature
as a way to remove carbon large
scale. I think we, we, as people
have pointed out, we want the full portfolio of solutions.
So we're investing heavily in
the technologies that will remove carbon
and at the same time we're working with
nature and
communities to make sure that we can have carbon
removal at scale today
and
I think maybe just to add like cross
inspiring notes with those of you in the room who
you know, working in investment firms
or investment in industries,
you know, I think this is an incredibly
interesting way to
engage with your clients and
with all of your employees
and your stakeholders on
addressing climate change today,
this is not another reports with lots
of numbers, this is something very specific
that can be done
uh and then I actually sequesters carbon
in a matter of months and years uh
and not far down the road
and it's also an interesting
idea and I know this is close
to your heart Sanjeev that
and and that's
you know, what ways do we have
to make this, our climate goals
fair for the Global South and emerging
countries
and I think, you know, nature based solutions
are an obvious way to start right. Like if
you think of
if every investment firm in the world would take its
own responsibility on its carbon footprint
and start compensating it with nature based solutions,
you would be seeing many billions of dollars, tens
of billions of dollars flowing from the financial
capitals of the world to the global
South.
And we would see measurable,
immediate impact on essentially
the climate balance equation that we're
trying to address over the coming years and decades
to to avoid the worst climate outcomes.
So I on that maybe a detail,
I'll let you take it back and if
anyone has any questions on how we did this,
I'd be happy to answer them separately.
Thanks so much Henry, I think that's a great way to
conclude this panel with the messaging that you just provided.
So let me just ask everyone to
just give all the panelists a round of applause
and now let me hand it over to my brother Dean
kat Graham who's gonna close out
this, this great session that we've had together,
thank you so much everybody, I don't know if
you can see me, I want to thank the panelists
both on the second panel on solutions
and financing and transformative impact
and are incredible government and business
leaders um Libardo,
Ali and Tim at the beginning
as you can see there is a huge
opportunity for us to move forward
when it comes to um
carbon removal. We have the people,
we have the partners, we have the capabilities,
we have the principles focusing on durability
but also social, environmental justice. You can
see from what Henry spoke about, what
we're not spoke about what uh you know
Laura's doing with about blue planet, but
many spoke about in terms of carbon capture,
there are incredible technological
and natural solutions, There is the
political will from governments around
the world, particularly in the global south like our dear
leaders from Colombia and Kenya, we
know that cop 27 is
imminent, it's really tomorrow, not in
November and so we want to make sure
that together we move towards cop
27 to make cop 27
a truly transformative watershed
event to make carbon removal
one of the key pillars of
transforming the climate emergency
and ensuring that we advance
sustainable and equitable prosperity worldwide.
The partnership is focused
around three key areas, political
agenda setting and prioritization
going towards cop 27. So we'll continue
to do these great events with great partners
like Salesforce, people are so grateful to,
will continue to highlighting
leadership such as the one you've seen on the policy
side, on the business side of financing
side in civil society as well.
The second is very much in the policy
and standards and enabling environment. We're
focusing very much how can we get carbon
removal efforts more systematically
integrated and uh displayed,
made visible and NDC
s how do we do the procurement
that laura was talking about at scale
across the world to ensure that solutions
like negative carbon building materials
really do achieve what they can achieve.
How do we incentivize
private sector financing and
research and development. And finally, in
terms of the markets to increase the supply
dramatically as we're not said, we're at,
you know, maybe $70 a ton
for for um
for natural solutions. I know that Henry
and Capricorn and others are committed to increasing
that so that we can not only get
negative carbon removal but also support
local communities livelihoods, sustainable
development, sustainable prosperity for
our community social justice. And so
we need to increase the pricing on natural
solutions. We need to decrease the cost
of technological solutions and
as brad said, we have to absolutely
prioritize the oceans and the five
pathways you shared. So we have
the partners, we have the capabilities, we
have the principles, we have the,
you know the work that is underway,
the partnership is ready to go. Please
join us. Let's make cop 27
a truly watershed event when it comes
to carbon removal and climate transformation
and make sure that our Children and grandchildren
really believe in us. I guess I'll leave
you with two less thoughts. This is
like planetary waste removal. It's
a very simple principle. We have
put garbage into our atmosphere and
we must remove it as much as we
reduce and avoid carbon and
uh and methane and second you
know, for those of you are game of Thrones, uh
aficionados as I am as we all
know, winter truly is coming. Winter
truly is coming and while we are
sadly watching all the desperate
conflicts over who's on the throne,
individuals and
groups and families and populations suffering
the major devastation is
on its way. So let's focus on carbon
removal as a critical third pillar and
thank you so much to our partners at Salesforce,
our leadership from our governments, our partners
in the private sector and civil society were
on the path. Please stay safe and healthy
and thank you all.
Okay, thank you so much
Sanjeev and with that we will conclude.
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How and Why We Must Build a Carbon-Free Energy Grid
Electric grids across the planet are faced with the challenge of decarbonizing for a sustainable future. Global leaders discuss the current state of energy and strategies for building a clean grid.
Starring
- Sanjeev KhagramThunderbird School of Global Management
- Philip Thigo
- Amina MohamedCabinet Secretary, Ministry of Sports, Culture and Heritage
- Carlos Eduardo CorreaMinistry of Environment and Sustainable Development
- Tim ChristophersonVP for Climate Action
- Aditya Agrawal
- Renat HeubergerCEO
- Amanda EllisFormer UN Ambassador & Sr. Director of Global Partnerships
- Henry McLaughlinDirector
- Laura Berland-ShaneVice President Government Affairs
- Brad AckExecutive Director
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