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Carbon removal needs to quadruple to meet climate goals, researchers say

Reuters reports on the 2024 State of Carbon Dioxide Report, which found that 7-9 billion tons of CO2 must be removed from the atmosphere every year if the world is to meet its climate targets. "Global net greenhouse gas emissions were about 55 billion tonnes per year in 2022, and emissions accumulate in the atmosphere, so every year, every action counts," said co-author Professor Gregory Nemet.

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Market value of carbon offsets drops 61%, report finds

Negative scientific and press reports on the efficacy of carbon credit projects has led to a ‘direct pullback in buyer investment,' reports The Guardian. Kaya Axelsson said that carbon markets will "lose relevance unless they radically reform in line with net zero aims" while Stephan Lezak asserted that the current market for carbon offsets "is a bit like a burning building. We need folks to be firefighters and run toward it, rather than walk away and let it burn to the ground."

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'A good deal': UK climate goals can be delivered at 'minimal cost', study finds

The UK could meet its 2030 emissions targets by mobilising between £6bn and £8bn of public investment annually, a new analysis from University of Oxford researchers has calculated. "A focus on only the initial costs of adoption denies households and businesses significant savings that low-carbon technologies offer, for example when a household has to replace an ageing boiler or vehicle in the coming years as millions of businesses and homes will be doing," said Dr Anupama Sen. 

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Dr Laurence Wainwright wins Teaching Excellence Award

Dr Laurence Wainwright has been presented with a Teaching Excellence Award from the University of Oxford’s Social Sciences Division. Dr Wainwright is a Departmental Lecturer at the Smith School of Enterprise and the Environment, and Director of its MSc in Sustainability, Enterprise and the Environment.

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Can We Solve Climate Change by Suing Polluters?

"Climate litigation is not just growing — it’s snowballing," writes The Daily Upside. However, international courts have been slow to catch up. Dr Ben Franta of the Oxford Sustainable Law Programme comments:  “It’s a well-known challenge [with] international courts: Because they don’t have independent police power, they must persuade member states to comply with their orders.”

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