Climate and Carbon
Climate crisis is one of the major challenges that humanity faces, with its effects being felt globally and in nearly every aspect of human life, from health to food production, and encompassing water and energy security. To tackle climate change, it is necessary to address climate change mitigation and adaptation challenges.
Climate change mitigation involves avoiding or reducing greenhouse gas emissions (GHGs), which are the main cause of global warming, as well as offsetting unavoidable emissions.
Climate change adaptation involves risk management and preparing for the impacts that are already a reality, such as increasing average temperatures, extreme events, and change in precipitation patterns. Adaptation can include operational or infrastructure measures like strengthening the resilience of critical infrastructure. That said, adaptation involves strategic planning and may entail significant costs, but it is essential to ensure long-term value creation.
One tonne of carbon dioxide has the same impact on the climate regardless of where it is released. Similarly, one tonne released in a location can be offset by one tonne avoided or sequestered in another location.