Monthly Archives: November 2022

New paper on biosphere tipping points and climate investment

My new paper ‘Implications of Earth system tipping pathways for climate change mitigation investment’ has now been published in the peer-reviewed journal Discover Sustainability. It can be freely downloaded here. In it, I explore some implications of an anticipated biosphere-wide tipping point (BTP) in the year 2050 ± 10, including:

  • that all climate change mitigation investments should be designed, chosen and judged against this hard and dated deadline, thus urgently prioritising early delivery of net GHG savings;
  • that deadline-compliant investments should aim transparently for optimum cost-effectiveness in their biophysical outcomes, especially net GHG emission savings but also biodiversity, ecosystem service and climate change adaptation co-benefits; and
  • that investors and markets should prefer actions that yield highly cost-effective biophysical returns, especially where valuable co-benefits are expected.

I explain how to do the necessary calculations, and I provide examples from recent mitigation aid portfolios to support a change of focus from financial to biophysical returns on investment. From these cases, key ways to prevent the BTP include protecting and restoring high carbon-density natural ecosystems, and improving choice awareness and building capacity to promote decarbonisation in all economic sectors.

Three urgent research priorities remain: (1) on the consequences of an Arctic Ocean imminently free of summer sea ice, and options for remedial action including the recapture of methane at large scale and high speed; (2) on testing a new dated mitigation value metric in justifying precautionary mitigation investments in multiple sectors and contexts; and (3) on integrating diverse co-benefit values (biodiversity, ecosystem services, adaptation, etc.) into mitigation investment decision making.