ZCS
Zero Carbon Solutions has been established to harness the power of private capital within the emerging regulatory structure for carbon credits to help reverse the destruction of the natural environment and lower carbon emissions.
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BACKGROUND
At the Paris Accord in 2015, major emitting countries signed up to commitments to keep the rise in mean global temperatures to between 1.5°C + 2°C greater than pre industrial levels. This was to be achieved by creating an effective mechanism to reduce emissions of CO2, Methane and Nitrous Oxide, so called Greenhouse Gases (“GHG”).
Earlier this month, the Intergovernmental Panel on Climate Change (IPCC) published its 6th Report “Climate Change 2022: Impacts, Adaptation and Vulnerability”.
The Report assessed:
So, if the predictions are correct, the world is on track to a rise in global temperature of over 1.5°C by 2040. GHG’s are identified as the primary cause of global warming.
Reducing GHG emissions through an increase in renewable energy sources, and a corresponding reduction in energy from hydrocarbons and methane emissions from agriculture and coal mining is essential to address climate change.
Equally important is the sequestration of carbon by technology, nature based solutions and the reversal of the destruction of natural carbon sinks.
Zero Carbon Solutions will focus on nature based solutions which have the additional benefit of conserving and protecting the natural environment.
What is the regulatory environment Zero Carbon Solutions will be operating in?
In November 2021, COP 26 in Glasgow targeted a 45% reduction in 2010 GHG emissions by 2030 and created the trading mechanism of the Paris Accord, so-called Article 6.4. It opens the door for qualifying carbon credits (CC’s) to be admitted as mitigation for emissions. It is also under discussion for the Article 6.4 qualifying emission reductions (A6.4ERs) to be used as mitigating carbon credits in the Emission Trading Schemes (ETS) of the EU, UK, US, China, Switzerland, Australia and NZ.
At COP 26, 100 countries also covenanted to halt Deforestation by 2030. Forests sequester carbon and help to mitigate the rise in global temperatures. It is essential that Deforestation is addressed. In addition, Deforestation endangers wildlife and destroys the natural environment for indigenous peoples who are best placed as custodians of these global assets.
Our business and conservation model
The IPCC Report recommends conservation, protection and restoration of natural forests. In managed forests, adaptation options include sustainable forest management, diversifying and adjusting tree species compositions to build resilience, and managing increased risks from pests and diseases and wildfires. Restoring natural forests and drained peatlands and improving sustainability of managed forests, generally enhances the resilience of carbon stocks and sinks.
The Report highlights that cooperation, and inclusive decision making, with local communities and Indigenous Peoples, as well as recognition of inherent rights of Indigenous Peoples, is integral to successful forest adaptation in many areas.
What are the nature based solutions?
Carbon Credits
Carbon credits created by REDD+, ARR and WRC can be sold to companies to meet their net zero commitments and finance the protection of the natural environment.
Zero Carbon Solutions has been set up to create REDD+, ARR and WRC projects, sell the carbon credits created to responsible businesses and thereby enable private capital to play its part in addressing climate change and the destruction of the natural environment.
In time we wish to see the carbon credits to be admitted as A6.4ERs so they can play their part in ETS scheme. Appropriate CCs can also be used by countries to assist in meeting their Nationally Determined Contributions (NDCs) that align over time to meet global warming reduction targets.
We welcome collaboration with like minded businesses and green investment funders who share our aspirations.