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Description

The need for global carbon management is increasing as climate impacts intensify, but regulatory uncertainties and risks could slow efforts. For example, legal concerns relating to climate-risk disclosures are growing, and whether international frameworks would allow high-potential carbon-removal schemes such as a proposed project in the Atlantic Ocean is unclear.

As Earth's climate warms, the government of Alaska wants to convert part of that state's vast boreal forest into farmland, which risks turning a carbon dioxide sink into a net emitter (although a hotter climate itself threatens the forest's survival). A new EU law that would ban the import of products with links to deforestation might help reduce carbon emissions but could hurt relations with developing countries.

Relevance:

Patterns are evaluated for their relevance to one or more of the following strategic planning areas: Infrastructure; Organization; Talent; Creation; and Marketing. This Pattern is most relevant to: Infrastructure; and is also relevant to: Creation.

Timing:

Patterns are also evaluated to determine the recommended timing of any strategic actions being considered to address the developments. On a scale of Initiate (near-term actions), Monitor (medium-term actions), or Watch (long-term actions), the timing for this Pattern is: Monitor.

Abstracts That Inspired This Pattern

  • SC-2023-01-04-093: Massive Financial Institutions Are Reneging on Their Climate Commitments

    "Vanguard, the world's second-largest asset manager, announced that it is resigning from a global net-zero initiative." This move is the latest example of large financial companies' backing away from some of their climate commitments in response to increasing political pressure from some US lawmakers and growing concerns about violating laws that relate to climate-risk disclosure.

  • SC-2023-01-04-021: Proposed Giant Ocean Seaweed Farm Would Be a Global Carbon Sink

    England-based Seafields Solutions aims to develop a giant ocean-farming venture—a 60,000‑square-kilometer seaweed farm in the middle of the Atlantic Ocean—that will capture a gigatonne of carbon dioxide each year.

  • SC-2023-01-04-039: Alaska's Gamble: Converting Boreal Forest into Farmland

    The government of Alaska is auctioning off 140,000 acres of that state's boreal forest to farmers who will convert the forest into farmland. The auction is part of a larger move to increase agricultural activity in the state, which is warming twice as fast as the rest of the United States and may become a major agricultural producer—if farmers can succeed there.

  • SC-2023-01-04-057: New EU Law Bans Imports with Links to Deforestation

    A new EU law would ban the import of products that have links to deforestation. "Household goods such as coffee, chocolate, and some furniture will have to pass strict checks to ensure forests weren't damaged to create them." The rules apply not only to cattle, cocoa, coffee, rubber, soy, and timber that the European Union imports but also to their derivatives—beef, for example.