The current CO₂ concentration of 410 parts per million (ppm) in the atmosphere corresponds to about 3,200 gigatonnes of CO₂ (GtCO₂) and the total global emissions rate is about 44 GtCO₂ per year. One ppm of atmospheric CO₂ corresponds to 7.8 GtCO₂.
Any measure of consequences must have a scale of at least 1 GtCO₂/year (the Gt-Scale Challenge).
Gt-scale carbon management will require massive investments and therefore present significant management, workforce, supply chain, and financing challenges. So far, it has failed to build momentum because of unresolved tension between public and private stakeholder positions around carbon tax and commercial value proposition.
At Inventys, we believe that a coalition of the willing — enlightened public and private stakeholders — could contribute the support necessary for the scale-up of the CO₂ marketplace based on this CO₂ marketplace pathway.