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It is notoriously difficult to quantify exactly how much CO₂ a specific activity removes from the air; likewise, it is just as difficult to quantify how many CO₂ emissions are saved from being emitted by not doing a specific activity (carbon avoidance activities). There are third-party verifiers that help to standardize and quantify carbon capture. Still, even third-party verifiers have difficulty in quantifying the exact amount of carbon a forest captures, for example, since there are so many variables in determining that information.
Our path to net zero seems far from straight forward at this point in time, and though the globe is responding to the crisis through a variety of means, including new reporting standards and regulations, these vary by jurisdiction and many companies are finding it difficult to comply. Many companies may have an awareness of the advantages of a strong sustainability plan, but don’t know where to begin.
Companies are pouring resources into a variety of activities in the hopes of reducing their carbon footprint or meeting the demands of their shareholders; some have created dedicated sustainability teams to address the issue; some have hired expensive consulting firms to help them navigate the most recent regulations to assist in their reporting compliance; some companies are buying trees, and even forests, with the hope that this will assist in their carbon neutral or net zero efforts, but without a full understanding of exactly how much these trees are ultimately contributing to a decrease in the CO₂ in our atmosphere.
All of these activities can help lead to a healthier planet that is more in balance, but as carbon dioxide is the main cause of human-induced global warming and its associated effects on our climate, it is our aim to simplify and fast track our global efforts to reach net zero. Our project provides a science-based, technology-driven pathway for companies and developing countries alike to achieve their net zero targets in a quantitative, verifiable way.
Companies are facing an evolving regulatory landscape when it comes to sustainability practices. The baseline that regulatory bodies such as the TCFD (Taskforce on Climate-related Financial Disclosures) and the ISSB (International Sustainability Standards Board) set may seem simple and straightforward, but many companies are facing challenges in meeting these standards. Especially for smaller companies, reducing their carbon footprint may seem like a nuisance or an afterthought, even if company leadership is, in theory, on board, with the decarbonization agenda. Smaller companies face an even steeper climb when meeting new regulatory requirements, as they are initially focused solely on their profitability.
This problem extends from smaller businesses and start-ups to smaller, developing countries and markets as a whole. While the planet is grappling with more and more urgency regarding how to reach our net zero objectives, and while each company, each market and sector, and each country individually try to find ways to reach their targets, the amount of CO₂ in our air continues to wreak havoc on our warming planet.
There are multiple, independent standard-setting bodies globally that are releasing guidelines for corporate sustainability reporting. Though there are similarities between different reporting standards, there are differences between these guidelines, and to complicate matters, there are differences between market sectors and jurisdictions that create a challenging patchwork of regulations and policies that many companies are finding difficult to navigate.
As the risks of leaving climate change unchecked become more and more apparent, as stakeholder engagement increases, and public pressure intensifies to tackle this problem, corporate and governmental policy is being steered in the right direction. Still, even as companies and governments around the world declare their net zero goals, the details on how to achieve these goals are still vague.
It is no longer sufficient to merely stay current with the most recent climate-related regulations as a tick box exercise. The stakes are too high, and the public is demanding more. Governments and their citizens, boardrooms and their investors, people, companies and countries around the world are demanding more; more clarity on how organizations plan to achieve their stated net zero goals; more clarity on short term actions that will make a meaningful impact on GHG emissions; more clearly defined transition plans that steer the globe towards net zero.
Simply put, more action is needed.
Too often, companies and governments are releasing lofty goals in attaining net zero, but with little detail on their plan of action. The desire to tackle the problem is largely there, but it is difficult to know where to begin, when tackling a problem with this magnitude, especially when the stakes are so high. Companies who can afford to do so are hiring expensive consulting firms to help them navigate the most recent climate regulations in an ever-evolving regulatory landscape. We provide a pathway that is actionable in the short, medium and long-term for any company, organization, or government to reach their net zero objectives.
With technology that is backed by science, we are offering a verifiable, quantitative and qualitative answer to one of the most pressing questions of our times:
How do we achieve net zero?
Furthermore, how do we reach net zero quickly and with the least amount of impact on our fragile global economy?
We provide an answer to these questions, and we are able to do it in a way that will pave the way for a smoother global transition to net zero. We can provide a launching pad for companies and governments alike to attain their net zero goals.
The Financial Stability Board’s Taskforce on Climate-related Financial Disclosures (TCFD) lists seven Principles for Effective Disclosure; item 6 on that list states that companies’ climate-related disclosures should be reliable, verifiable and objective. Our project paves the way for companies to be able to do just that: disclose reliable, verifiable and objective information; our technology allows for a reliable, verifiable and objective way to reduce the amount of CO₂ in our atmosphere that will impact the environment in a meaningful and measurable way.
Recommendations | Task Force on Climate-Related Financial Disclosures (fsb-tcfd.org)
As companies around the world search for meaningful ways to reduce their carbon footprints, there is a strong global movement towards more stringent reporting standards that will require companies to disclose their sustainability reporting in the same way that financial reporting is compulsory. Within the next three years, as these requirements are put into place, we see this time period as the perfect time for us to offer a solution that is quantifiable and will effect meaningful change.
The amount of CO₂ our bioreactors capture will be easily measurable and verifiable; the carbon credits generated from this process will likewise be quantifiable and verifiable. Quality carbon credits can be difficult to ascertain, as many of the current processes generating carbon credits are subjective in nature. Alternatively, our carbon credits will be a reflection of the exact, measured and verified amount of CO₂ our bioreactors have captured.
It is through this process that we are able to provide a far easier, clearer pathway to compliance, for large and small companies and governments around the world.
Though there have been marginal, incremental improvements in the way companies and governments are operating, we are providing a path that is action-driven, with measurable results.
Lofty goals have been set; the desire to reduce carbon emissions, to become carbon neutral and to eventually reach net zero is evident in boardrooms, legislatures and governing bodies around the world. The will is there, but a clear pathway to meaningfully achieve these goals did not exist, until now.
The UN's first official "global stocktake" of progress since the Paris Accords undoubtedly leaves much to be concerned about.
According to the IEMA (Institute of Environmental Management & Assessment):
"...technologies... are not being deployed at anything like the scale or pace that is required, and countries still need to “unlock and redeploy trillions of dollars to meet global investment needs.”
Furthermore, most observed climate adaptation efforts are currently “fragmented, incremental, sector-specific and unequally distributed across regions”, according to the document."
World’s first ‘global stocktake’ on climate change published - IEMA
We are providing a solution that is not sector-specific, fragmented or incremental; we have a solution that will be distributed across global populations centers equally. By design, our network will saturate the market to fill the gaps in our efforts to reduce humanity's carbon footprint. Amidst the world's fragmented response to climate change, our project can provide a cohesive solution that can serve as a backdrop to all other global efforts. Our network of bioreactors can be integrated into urban landscapes across the globe, in less developed countries and more developed countries alike, in cities large and small.
As expensive, capital-intensive, land-intensive carbon capture facilities are put online around the world, they are dotting the global landscape with facilities that will aid in our efforts to reduce our carbon footprint; however, these facilities are not nearly enough. The world would need tens of thousands of these facilities built globally at the cost of hundreds of billions of dollars just to make a dent in the amount of CO₂ we are continuing to generate. Alternatively, our project provides a far more inexpensive and feasible solution to a very expensive problem.
Our project provides a science-based, technology-backed pathway for companies and countries alike to achieve their net zero targets in a measurable, quantitative, easily verifiable way, ahead of schedule and at a far lower cost. By creating a cohesive solution that can be distributed across sectors and regions, we can address the disjointed, uneven and inadequate global response to the climate crisis; the Canterhill Carbon Project offers a short-, medium- and long-term action plan to effectively reach the world's net zero goals.
While every effort should continue to be made to reduce humanity’s carbon footprint, such as low-carbon products and technologies, emissions reduction efforts, the development of lower carbon products and the use of alternative fuels, our project will provide a baseline that can fundamentally change the current trajectory our planet is on.
Our project will set the groundwork for a strong foundation to build upon, so that all other global efforts can continue with our network as a backdrop to the global decarbonization journey. With our global carbon removal network online, working in conjunction with all other efforts to reduce CO₂ levels, there is the real potential to fast-forward our efforts to reach net zero. We will be a safety net or “safety network” of sorts that will fill in the gap between our global long-term net zero objectives and the short-term actions needed to achieve those objectives; and we will accomplish this in a manner that reflects the urgency of the problem with an achievable, scalable and viable solution that will yield measurable and verifiable results with the greatest impact on the global carbon footprint of any project out there.
Our network of DAC (Direct Air Capture) bioreactors will be working together around the clock to meaningfully reduce the amount of CO₂ in our atmosphere; we plan to put our network to work on behalf of governments and corporations around the world to create a foundational, transformational initiative to reduce the amount of CO₂ around the planet on a global scale.
Our project will yield both quantitative and qualitative results. The amount of CO₂ removed by each machine will be easily measurable and verifiable, lending transparency to the process. Our plan is to capitalize on this transparency through our own global carbon exchange, removing the fragmented, opaque and unreliable nature of many of today's carbon credits. The millions of carbon credits generated through our network of bioreactors will be easily quantifiable and verifiable, backed by the world's most reliable and transparent carbon exchange, the Canterhill Global Carbon Exchange.
Unlike many of the solutions proposed thus far, we can provide reliable data that has been unattainable in many of the current iterations of the decarbonization agenda. Instead of relying on faulty, unreliable data, our technology will provide an absolute, quantifiable amount of CO₂ that it will be removing from our atmosphere.
We have a technology-based solution that is commercially viable, replicable and could be operation-ready globally in a much shorter period of time than any other project currently available. As we know, evidenced by recurring themes in our news, as well as the most recent UN IPCC (Intergovernmental Panel on Climate Change) report, time is not on our side. The problem is now urgent, and our solution is the only solution out there that is global, and capable of handling the problem as urgently as it needs to be handled.
Per the most recent report from the Intergovernmental Panel on Climate Change (IPCC), our window is closing and the time to act is now.
“Climate change is a threat to human well-being and planetary health (very high confidence). There is a rapidly closing window of opportunity to secure a livable and sustainable future for all (very high confidence). ...The choices and actions implemented in this decade will have impacts now and for thousands of years (high confidence).”
IPCC Climate Change 2023 Synthesis Report
“It’s now or never, if we want to limit global warming to 1.5°C (2.7°F),” said IPCC Working Group III Co-Chair Jim Skea. “Without immediate and deep emissions reductions across all sectors, it will be impossible.”
IPCC Press Release "The evidence is clear: the time for action is now."
Our project can provide a solution to a very complicated global problem with many stakeholders. We are the only project that can help to reduce emissions, globally, across all sectors, which is exactly what the IPCC has determined is needed, if we are to succeed in limiting global warming to 1.5°C.
The world came together toward a common goal when the Paris Agreement was signed; our project integrates all sectors and stakeholders not just toward a common goal, but an achievable, viable action plan and a pathway forward to get there.
Such a pathway did not exist; until now.
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