Global partnerships pave the way for increased efforts to prevent catastrophic climate change
This week, IPCC published a report which stated, “Continued greenhouse gas emissions will lead to increasing global warming, with the best estimate of reaching 1.5°C in the near term in considered scenarios and modelled pathways. Every increment of global warming will intensify multiple and concurrent hazards.”
As we recently shared in our white paper on why our work matters, every scenario for achieving this 1.5o C target requires an immediate reduction of non-CO2 gases.
If you’ve been following our work over the years, you know that Tradewater’s unique role in the fight against climate change is our focus on collecting, controlling and destroying potent non-CO2 gases. Given that these gases have a disproportionately large impact on the warming of the planet, a scalable solution is long overdue.
For the past several years, we’ve been laser focused on this issue, and we’re proud to share that this year, Tradewater has received the ACR Registry Innovation Award for our leadership in co-developing the greenhouse gas registry’s methodology for International ODS (ozone depleting substance) destruction.
This methodology is game-changing, and we’ll tell you why.
The Montreal Protocol, which banned the production and consumption of the potent non-CO2 gas Chlorofluorocarbon (CFC), did not include an end-of-life mandate to collect and destroy these gases—nor sufficient funding to do the work at the necessary scale.
Across the world, there are currently billions of metric tons of CO2 equivalent of CFCs, which are either being illegally used in old, potentially leaking, equipment, or stockpiled in rusting tanks around the world – that may also be leaking – without an appropriate solution.
ACR Registry recognized Tradewater’s global leadership and strategic innovation in developing a methodology to collect these CFCs in developing countries, as well as allowing for the export of these controlled gases across borders for destruction to countries with compliant facilities. Since many of these source countries don’t have sufficient destruction capacity, it’s essential to develop a rigorous process to ensure safe transportation and adherence to multinational agreements through the Basel Convention. This innovation made it possible to address an urgent threat by preventing these potent gases from being released into the atmosphere.
These innovations within the ACR Registry methodology increase accessibility to carbon financing for purposes of ODS collection and destruction, which is both costly and challenging.
Tradewater has a small team, with about 40 employees around the world, focused on scalable strategies for collecting, controlling, and destroying potent greenhouse and ozone-depleting gases. The partnership with and validation from a well-established organization like ACR Registry is incredibly meaningful, because it reinforces the fact that the challenging path we’ve chosen can make a significant impact in preventing global warming.
We are looking forward to continuing our collaboration with ACR Registry and others in pursuit of our planet. There’s no time to waste.