Climate Impact

Climate Impact

Hemp Carbon Removal Project
Climate Impact

ClimateTrade launches the Hemp Carbon Removal project

After having conducted a comprehensive assessment for several carbon sink solutions, ClimateTrade has finally decided that HEMP is the best innovated Nature-based Solutions (NbS). In partnership with Made In Hemp, from the technical side, Woodna Maderas Naturales, from the operational side, and for the analysis and test we are working with CETIM (Materials Technology Center), together, we have undertaken the first trial during 2021 in Galicia, Spain. ClimateTrade has opted for the Hemp Carbon Removals because we consider that they are a great opportunity to return wealth to rural areas and strengthen the social fabric, by being able to generate economic and ecological benefits through the agriculture of this new industry that regenerates the soil and can efficiently replace the materials derived from oil, cement and plastics among others. Thanks to biomaterials derived from hemp cultivation, we are also committed to carbon in setting (Carbon in setting is an innovative mechanism to reduce emissions while boosting business value) of our customers’ Scope 3, reducing net greenhouse gas emissions both through carbon capture and avoided emissions from products such as ‘hempcrete’ (hemp cement) for the construction industry or ‘hemp packing’ (hemp packaging) for the sales industry. In this first test plot, installed on the farm of the company Woodna Maderas Naturales in the municipality of Arzúa (Galicia), is characterized by having a humid temperate Atlantic climate not being necessary irrigation, we have planted two varieties of hemp registered in the European Union catalog with high potential for biomass production, with the aim of measuring carbon in total biomass. The test has been structured in strips where the varieties alternate with unplanted areas and with a total area close to half a hectare. This pilot test has been done following an experimental design that allows comparing hemp varieties in different environments and agroecological models. Following standard measurement methodologies, we manage to generate reference data that serve to monitor in the long term the ecological and climatic benefits generated by hemp. During the growth period, from late May to early September, we have conduced monthly monitoring of the plantation, by measuring number of plants, high and thickness in a designed area, and finally, before harvest, we have collected representative samples to measure carbon in total biomass. Currently waiting to get analysis results from CETIM.

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ClimateTalks: Let’s meet Will Solutions
Climate Impact

ClimateTalks: Let’s meet Will Solutions

In this episode of ClimateTalks we meet Will Solutions to discuss how they are Pioneering decarbonization through their sustainable community project.

UK climate ruling
Climate Change News

Landmark UK climate ruling holds government accountable for net zero strategy

In a landmark ruling last week, the UK’s High Court found that the government has failed to present an adequate strategy to meet its 2050 net zero ambitions, and ordered it to outline a detailed emissions reduction plan. The lawsuit was brought to the High Court by NGOs Friends of the Earth, ClientEarth and the Good Law Project, which argued that the government was not holding up to its obligations under the Climate Change Act of 2008. The Climate Change Act made it the duty of the Secretary of State to ensure that the UK reduced its emissions by 100% compared to 1990 by 2050.  According to the claimants, the government’s Net Zero Strategy, presented last year just ahead of COP26 meetings in Glasgow, did not include the data necessary to assess its effectiveness in curbing greenhouse gas emissions – a claim the court found justified. Now, the government has until April 2023 to submit a new Net Zero Strategy report outlining and quantifying the ways its net zero policies will achieve emissions targets. This is the latest in a series of court cases initiated by citizens and NGOs against governments and institutions for their lack of action to counter climate change: the UNEP Global Climate Litigation Report 2020 found that between 2017 and 2020, the number of such court cases went from 884 in 24 countries to at least 1,550 in 38 countries.  What’s particularly interesting is that courts are increasingly finding governments guilty of not doing enough against climate change. In early 2021, a Paris court ruled that the French state had failed to take sufficient action in a case brought by four nongovernmental organizations, and was, as such, partially responsible for climate change. In a follow-up ruling last October, it ordered the government to bring the country’s carbon emissions down by about 15 million tons, to reach the target established in the first carbon budget (2015-2018) by the end of 2022. What does the UK climate ruling mean? The UK government now has to prepare a fresh Net Zero Strategy report that clearly quantifies emissions reductions. The strategy itself is unlikely to change, as it was not questioned by the court or even the claimants. But the addition of measurable data points will promote transparency and accountability in climate action. This follows a general trend to make climate targets more data-based, as opposed to aspirational, in order to combat greenwashing.  The timing of this review is interesting, as the Ukraine-Russia war and the resulting threat of a natural gas shortage has led many European countries to prioritize energy security over decarbonization – by approving new fossil fuel developments at home. In fact, at least three new oil and gas or coal developments have been approved by the UK government since COP26. Data-based climate targets At ClimateTrade, we believe that blockchain technology is a helpful tool to develop climate targets aligned with measurable data, and to keep track of them over time and across borders. Indeed, blockchain is based on decentralized governance and data storage, which makes it inherently suited to the pursuit of consensus. Additionally, since all data stored on blockchain is immutable, it allows for full traceability in all transactions. All our solutions are based on blockchain infrastructure, supporting companies’ ESG reporting and transparency efforts and ensuring the real positive impact of their carbon offsetting activities. Contact us to find out more.

biodiversity
Climate Change News

Why should we care about biodiversity?

The 2030 Agenda for Sustainable Development adopted by the UN General Assembly reflects directly on the importance of the ecosystem. A collective action plan built around 17 major global challenges that address issues related to benefiting people, the planet and global prosperity, the Sustainable Development Goals. These objectives are connected to each other, and progressing in achieving one means progressing towards the others; and biodiversity is the common denominator of all of them because it is fundamental for the development and well-being of humanity. How does Biodiversity influence economic prosperity and general well-being? It is the basis. More than half of all goods and services worldwide depend directly or indirectly on natural resources. Especially in developing countries, where it is not only a source of food but also the main source of income for the population. Industries such as pharmaceuticals or the beauty sector depend directly on biodiversity. Nature is the source of many drugs used in modern medicine that come from natural plants, animals and microorganisms. How does biodiversity influence the Earth? Ecosystems capture and store greenhouse gases, making them a great ally in mitigating climate change. In fact, healthy ecosystems provide up to 37% of the mitigation needed to stop global warming. They are a barrier against natural disasters such as floods, storms, droughts, among others. They can also protect against the spread of diseases: where native biodiversity is high, the rate of infection from zoonotic diseases, such as COVID-19, is lower. It’s nature’s time. Humans are destroying the planet’s biodiversity. Our consumption habits and general lifestyle have caused 8% of all known animal breeds to become extinct and 22% to become endangered. Water acidification from pollution has caused large-scale loss of marine biodiversity, with hundreds of fish species already gone. It is time to take care of nature and preserve ecosystems. There is still time to reverse the loss of biodiversity, we must understand that this is the only way to restore and maintain a healthy planet, and the lives it sustains. To do so, there must be a dramatic change in the development policies, incentives and actions of all governments, businesses and citizens.