Planetrics

Completed a highly engaging conversation on Nature-Based Decarbonization Technologies at McKinsey’s Green Business Building Summit 2024 this week. Jerome Cochet, Hosseiny Khajeh, and Remi Loren shared valuable insights into innovative approaches for how nature-based solutions can help us decarbonize ... and build resilience in our food system, and create better materials, and avoid more mass exinction. The urgency and opportunity are clear: 1. A food system that manages its natural capital better can increase long-run productivity and reduce by at least 50% the c.10GT of CO2e associated with current practices 2. The use of nature to replace carbon intensive materials can take a large chunk out of our steel, cement and chemicals footprints, which also emit c.10GT of CO2e per year. 3. Nature can help us sequester 5-10GT of carbon a year over the next 20-30 critical years Those are the hardest parts of our net zero journey, and nature is the key that unlocks them. Special thanks to our speakers for their invaluable contributions to the session. #McKinseySustainability #GBB24

Biodiversity credits could help companies drive nature-positive change and create business value. The voluntary market today is still in its early stages, but it is poised to grow rapidly. With the right conditions in place for larger companies in major markets, global demand for biodiversity credits could reach $2 billion in 2030 and $69 billion by 2050. We have identified four potential use cases for how businesses could use biodiversity credits: 1. Enhance carbon credits for better nature outcomes 2. Access ecosystem services as inputs 3. Contribute to nature recovery beyond their own impact 4. Offer products bundled with nature recovery Different use cases will be relevant for different businesses. The appropriate role for biodiversity credits depends on an organization’s objectives and circumstances. Learn more in a new blog we have published for McKinsey Sustainability ⬇️ https://mck.co/4aNRJrf #McKinseySustainability #BiodiversityCredits  

The momentum behind a more integrated approach to climate and nature has been palpable in 2023, and was further reinforced at COP28. Read about how leading companies are getting ahead of this https://lnkd.in/g7iSGTiM