Stephen Rumsey, chairman of Permian Global, speaks at the GLF Investment Case Symposium 2018 in Washington. GLF/Leigh Vogel

Next decade crucial for avoiding catastrophic climate change – financial expert

Must reduce emissions

WASHINGTON (Landscape News) — We will attract the necessary capital and we will avert disastrous climate change over the next 50 years, said a leading investment manager during a presentation at the recent Global Landscapes Forum Investment Case Symposium in Washington.

Carbon emissions reductions, greater transparency, regulated markets and truthfulness are vital to achieving a successful outcome for the climate, said Stephen Rumsey, chairman of Permian Global, a firm that facilitates ecosystem restoration through the production and sale of carbon credits generated through conservation and recovery of natural forests.

The firm relies on REDD+ (reducing emissions from deforestation and forest degradation) strategies on the premise that forests sequester carbon dioxide from the atmosphere. If they are cut down or burned, carbon dioxide is returned to the atmosphere elevating greenhouse gas emissions.

REDD+, developed within the U.N. Framework Convention on Climate Change (UNFCCC), is aimed at creating financial value for keeping carbon stored in forests, and increasing incentives to encourage sustainable management of forested land to reduce greenhouse gas emissions.

Under the terms of the 2015 U.N. Paris Agreement on climate change, all countries are expected to adhere to REDD+ principles “to protect and enhance greenhouse gas sinks and reservoirs (stores of sequestered carbon).”



…thank you for reading this story. Our mission is to make them freely accessible to everyone, no matter where they are. 

We believe that lasting and impactful change starts with changing the way people think. That’s why we amplify the diverse voices the world needs to hear – from local restoration leaders to Indigenous communities and women who lead the way.

By supporting us, not only are you supporting the world’s largest knowledge-led platform devoted to sustainable and inclusive landscapes, but you’re also becoming a vital part of a global movement that’s working tirelessly to create a healthier world for us all.

Every donation counts – no matter the amount. Thank you for being a part of our mission.

Sidebar Publication

Related articles

Related articles