Next decade crucial for avoiding catastrophic climate change – financial expert

Must reduce emissions

Stephen Rumsey, chairman of Permian Global, speaks at the GLF Investment Case Symposium 2018 in Washington. GLF/Leigh Vogel
7 July 2018
Julie Mollins

WASHINGTON (Landscape News) — We will attract the necessary capital and we will avert disastrous climate change over the next 50 years, said a leading investment manager during a presentation at the recent Global Landscapes Forum Investment Case Symposium in Washington.

Carbon emissions reductions, greater transparency, regulated markets and truthfulness are vital to achieving a successful outcome for the climate, said Stephen Rumsey, chairman of Permian Global, a firm that facilitates ecosystem restoration through the production and sale of carbon credits generated through conservation and recovery of natural forests.

The firm relies on REDD+ (reducing emissions from deforestation and forest degradation) strategies on the premise that forests sequester carbon dioxide from the atmosphere. If they are cut down or burned, carbon dioxide is returned to the atmosphere elevating greenhouse gas emissions.

REDD+, developed within the U.N. Framework Convention on Climate Change (UNFCCC), is aimed at creating financial value for keeping carbon stored in forests, and increasing incentives to encourage sustainable management of forested land to reduce greenhouse gas emissions.

Under the terms of the 2015 U.N. Paris Agreement on climate change, all countries are expected to adhere to REDD+ principles “to protect and enhance greenhouse gas sinks and reservoirs (stores of sequestered carbon).”

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