We used satellite imagery and AI to see who’s keeping their climate pledges. Here’s the shocking reality we found

Date:

Share:

[ad_1]

Committing countries or companies to climate pledges doesn’t guarantee that those pledges will be honored. After all, the planet is getting a great deal hotter every year, with the record-breaking temperature in India in May just the latest example. If companies and countries were fully honoring their commitments, it’s highly likely that the rate of global warming would be slowing. And one reason why companies and countries are not honoring their pledges is a simple lack of transparency.

This is where technology comes in. We now have at our disposal tools that allow us to see, with pinpoint precision and in close to real-time, exactly what is going on with regard to the climate and where. We can see, for instance, that the average difference between what the 42 biggest oil and gas producers say they emit, and what they actually emit, is vast.

We calculated this at Kayrros by modeling the methane intensities of upstream oil and gas activities, assuming a diverse range of territories where production took place and a variety of production volumes. We brought together data drawn from satellites and processed by artificial intelligence (AI), as well as public estimates of methane emissions, country-level oil and gas production data, and self-reporting by companies. On average, our model shows 16.1 times larger methane intensities than those reported by companies. This is largely down to the fact that regional production profiles differ greatly and can have a significant impact on the value of modeled methane intensities.

But that isn’t all that we can see thanks to advances in Earth observation technology. We can see that (despite massive skepticism) the overwhelming majority of forest conservation and restoration projects tied to the voluntary carbon market do perform their function, and therefore could—and should—be seen as a viable and effective means of directing money from the big polluters in the Global North to the stewards of our forestry endowment in the Global South. In June last year, we used our Forest Carbon Monitor to assess more than 90% of the Amazon, which is the world’s largest rainforest and one of the world’s largest carbon sinks. Our analysis, which we ran by processing terabytes of satellite data with AI, showed that of 75 reviewed conservation and emissions-reduction projects funded by the carbon market, just five showed the same static deforestation rates. In other words, 96% were working. More recent analyses—considered 115 REDD+ projects (98 of which are active), spread across the Amazon and Africa—yielded similar findings. In short, Earth observation technology now ensures that the world can see who is meeting their commitments and who is falling short.

That same technology has revealed something disquieting: Almost none of the signatories of the Global Methane Pledge are following through on their commitment. That commitment was to collectively reduce methane emissions by 30% from 2020 levels by 2030, and it was rooted in the robust scientific fact that in its first 20 years in the atmosphere, methane is 84 times as potent as carbon dioxide. Fulfilling the GMP could therefore eliminate over 0.2˚C of warming by 2050. That countries aren’t following through on promises like these suggests that their leaders see them as contingent on circumstances, which undermines both past and future climate commitments, suggesting that they are, in fact, optional.

Climate action must stand above and beyond political and ideological disputes, which ultimately depend on there being a secure societal context in which to have them. If the planet keeps getting hotter, and national and corporate promises keep falling by the wayside, those societies will begin to feel very insecure indeed. We have the technology to inform legislation and regulation, to make sure climate action is as targeted, unintrusive, and cost-effective as possible. COP is now fewer than five months away. Commitments must be firm and enduring, able to be maintained regardless of whatever else is going on—because something else will always be going on.

More must-read commentary published by Fortune:

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

Recommended Newsletter: CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about–and from inside–the C-suite. Subscribe Now.

[ad_2]

Source link

Subscribe to our magazine

━ more like this

Sports Betting Reddit Trends: What Smart Bettors Are Doing Differently

Introduction Over the past few years, Reddit has become one of the most active platforms for bettors looking to improve their strategies. What started as...

The Rise of Specialist Executive Recruitment Firms in the UK

Finding the right senior leader has never been easy. But in today’s fast-moving UK business environment, it has become even harder. Companies face rapid digital...

Why Non-Executive Directors Are Essential for Strong Governance and Business Growth

Did you know that companies with effective non-executive directors (NEDs) can outperform their competitors by up to 20%? This remarkable statistic underscores the vital...

What Canadian Bettors Look for in a Great Sports Betting Experience

What Canadian Bettors Look for in a Great Sports Betting Experience Sports betting has grown quickly across Canada. From casual fans placing weekend wagers to...

How Professional Bettors Manage Risk and Bankroll

Professional betting is often misunderstood. Many assume success comes from predicting winners more accurately than everyone else. In reality, long-term profitability depends far more...