Why is carbon removal necessary?
In order to reverse climate change, two things must happen: stop emissions and remove excess carbon dioxide. The Paris Agreements, part of the UN Framework Convention on Climate Change (UNFCCC) have been in force since 2016. To reach its goals, merely reducing emissions and compensation via carbon credits will not be enough. The United Nations scientific climate body, the IPCC, has made this again very clear in its latest Global Assessment Report, AR6 (AR6, Chapter 12).
Therefore, Climate Cleanup Foundation, Oxford University and other global initiatives advocate the use of carbon dioxide removal (CDR) to achieve the climate goals. In addition to reducing emissions, storage and removal of carbon dioxide is necessary. The world needs to remove about 1500 gigaton of CO2, as soon as possible. Oncra exists to make this possible.
Video: Let’s Double Nature, the 1500 Gigaton challenge. By Jeppe van Pruisen. Voice Philippa Collin.
Scientists have demonstrated that we must get our world to a state of net zero emissions, which means necessarily carbon removal, as soon as possible, and by 2050 at the absolute latest, in order to limit the worst effects of climate change.
The negative impacts are already being felt today. About 7 million people die every year as a result of pollution. Extreme weather events devastate vulnerable populations around the world. This will only get worse if we do not act immediately and ambitiously.
Global Carbon Budget
We have a global carbon budget. Simply put, there is a limited amount of emissions that we can release in the earth’s atmosphere. Going over that limit causes runaway climate change, with serious and irreversible consequences. Our priority is to radically reduce our emissions as quickly as possible. The ‘residual emissions’ which we are not able reduce by the net-zero target date must be removed and stored in sinks. By removing additional carbon dioxide from the atmosphere, we become climate positive.
We have a limited number of natural sinks that can absorb the emissions released into the atmosphere. These natural sinks must ultimately be reserved to compensate for activities that will be extremely difficult or not feasible to eliminate completely. By buying carbon removal credits, you support carbon storage projects and their research and development.
Carbon removal Accounting
Carbon removal accounting is the measurement, modeling reporting and verification (MRV) of carbon dioxide removed from the atmosphere. Rigid measurement-based accounting enables removers to safely issue and sell removal credits, helping them run and expand their removal operations. With its simple and reasonably priced approach, Oncra enables small and medium removers to access the carbon market. Thereby we foster distributed scaling of those much-needed nature-based carbon removal projects. Oncra focuses only on natural removal methods which often include human ingenuity, or ‘NatureTech’.
What are Carbon Removal Credits?
Carbon Removal Credits prove that carbon sequestration actually takes place. Credits, issued to buyers as Certificates, are linked to actual removal from the atmosphere or oceans. A certificate can represent one or more carbon removal credits. Each Oncra removal credit represents 1 ton of carbon dioxide both removed and stored for at least 100 years.
Oncra carbon removers offer local & actual carbon removal. Hard and verified factual data is guaranteed through our measurement-based empirical crediting methodology and supported by the best buffer pools in the industry.