CMECH
THANKS FOR YOUR INTEREST IN CMECH.
CMECH IS A STARTUP DEVELOPING THE CHEMISTRY AND THE ENGINEERING TO BUILD AND LAUNCH OUR FIRST MACHINE. IT'S NOT GOING TO BE EASY, BUT WE BELIEVE IT WILL BE WORTH IT. THE POTENTIAL IS HUGE AND THE STAKES COULD NOT BE HIGHER. OUR GOALS ARE TO DO NO HARM AND TO SCALE, SCALE, SCALE.
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OFTEN PEOPLE LAMENT IN FACE OF SUCH LARGE PROBLEMS AND CRY: 'BUT WHAT CAN A SINGLE PERSON DO?
-- WELL YOU CAN SIGN UP, THAT'S WHAT.
AT 3°C OF GLOBAL WARMING, SIGNIFICANT CHALLENGES WILL ARISE FOR ECOSYSTEMS, ECONOMIES, AND HUMAN SOCIETIES. BIODIVERSITY WOULD FACE SUBSTANTIAL STRESS, WITH 15-30% OF SPECIES POTENTIALLY AT RISK OF EXTINCTION, PARTICULARLY IN SENSITIVE ECOSYSTEMS LIKE CORAL REEFS AND RAINFORESTS. SOME HABITATS MAY SHIFT TOO QUICKLY FOR SPECIES TO ADAPT OR MIGRATE.
MASS MIGRATIONS COULD INVOLVE 100 MILLION OR MORE PEOPLE DISPLACED BY RISING SEA LEVELS, EXTREME HEAT, AND DROUGHT. THIS WOULD STRAIN PUBLIC SERVICES, HOUSING, AND LABOR MARKETS IN HOST REGIONS, REQUIRING LARGE-SCALE ADAPTATION EFFORTS AND RESOURCES.
IN AGRICULTURE, STAPLE CROP YIELDS LIKE WHEAT, RICE, AND MAIZE COULD DECLINE BY 10-25%, DRIVING FOOD PRICES UP BY 20-40%. THIS COULD EXACERBATE FOOD INSECURITY FOR MILLIONS AND AFFECT ECONOMIES RELIANT ON AGRICULTURE, WHILE GOVERNMENTS SPEND HEAVILY ON CLIMATE ADAPTATION AND MITIGATION TO MANAGE THESE IMPACTS. THOUGH NOT CATASTROPHIC, 3°C WARMING WOULD BRING WIDESPREAD AND LONG-TERM ECONOMIC AND SOCIAL DISRUPTIONS THAT REQUIRE CAREFUL MANAGEMENT. GLOBAL ECONOMIC LOSSES COULD REACH $2-4 TRILLION ANNUALLY, DRIVEN BY DAMAGE TO INFRASTRUCTURE, AGRICULTURE, AND THE COSTS OF CLIMATE ADAPTATION AND MIGRATION.
SPIKE IN CO2 INCREASE IS UNPRECEDENTED.
WHAT IS THE PARIS AGREEMENT?
THE PARIS AGREEMENT (2015) IS A LANDMARK INTERNATIONAL ACCORD AIMED AT COMBATING CLIMATE CHANGE BY LIMITING GLOBAL TEMPERATURE RISE TO WELL BELOW 2°C ABOVE PRE-INDUSTRIAL LEVELS, WHILE PURSUING EFFORTS TO LIMIT IT TO 1.5°C. SIGNED BY NEARLY 200 COUNTRIES, IT REQUIRES EACH NATION TO SET ITS OWN EMISSIONS REDUCTION TARGETS, KNOWN AS NATIONALLY DETERMINED CONTRIBUTIONS (NDCS), WHICH ARE UPDATED EVERY FIVE YEARS TO BECOME MORE AMBITIOUS. THE AGREEMENT ALSO EMPHASIZES ADAPTATION TO CLIMATE IMPACTS, FINANCIAL SUPPORT FOR DEVELOPING COUNTRIES, AND GLOBAL COOPERATION TO REDUCE GREENHOUSE GAS EMISSIONS. THOUGH NON-BINDING IN TERMS OF ENFORCEMENT, IT PROVIDES A FRAMEWORK FOR TRANSPARENCY AND ACCOUNTABILITY THROUGH REGULAR REPORTING AND REVIEWS.
WHEN A COUNTRY RATIFIES THE PARIS AGREEMENT (2015), IT UNDERTAKES SEVERAL KEY OBLIGATIONS AIMED AT ADDRESSING CLIMATE CHANGE. THESE OBLIGATIONS ARE MOSTLY SELF-DETERMINED BUT ARE FRAMED BY THE BROADER GOALS OF THE AGREEMENT. HERE'S A BREAKDOWN OF THE OBLIGATIONS:
WHAT WERE THE RESULTS OF THE 2023 STOCKTAKE?
THE 2023 GLOBAL STOCKTAKE, THE FIRST OF ITS KIND UNDER THE PARIS AGREEMENT, REVEALED THAT THE WORLD IS NOT ON TRACK TO MEET THE GOALS OF LIMITING GLOBAL WARMING TO 1.5°C. THE KEY FINDINGS EMPHASIZE THAT WHILE THERE HAS BEEN SOME PROGRESS, IT IS FAR FROM SUFFICIENT. EMISSIONS REMAIN HIGH, AND THE NECESSARY ACTIONS TO DECARBONIZE THE GLOBAL ECONOMY ARE FALLING SHORT. THE STOCKTAKE UNDERLINES THAT ACCELERATED AND MORE AMBITIOUS EFFORTS ARE URGENTLY NEEDED TO CUT EMISSIONS BY HALF BY 2030.
THE REPORT ALSO HIGHLIGHTS THAT EVEN WITH A COMPLETE PHASE-OUT OF FOSSIL FUELS, ADDITIONAL MEASURES ARE CRUCIAL, SUCH AS ADDRESSING DEFORESTATION AND LAND DEGRADATION. NATURAL CLIMATE SOLUTIONS, SUCH AS FOREST RESTORATION, ARE SEEN AS CRITICAL, PROVIDING A THIRD OF THE REQUIRED EMISSIONS REDUCTIONS TO AVOID THE WORST CLIMATE SCENARIOS.
THE STOCKTAKE WILL SERVE AS A BASIS FOR DISCUSSIONS AT COP28, WHERE COUNTRIES ARE EXPECTED TO DEVISE PLANS FOR SCALING UP CLIMATE FINANCE, RENEWABLE ENERGY, AND NATURE-BASED SOLUTIONS. THE PRESSURE IS ON GLOBAL LEADERS TO TURN THE INSIGHTS FROM THIS REPORT INTO CONCRETE ACTION TO STEER THE PLANET BACK TOWARD MEETING THE PARIS GOALS.
CMECH IS ISSUING PRE-PRODUCTION CARBON CREDITS AS A WAY TO RAISE MONEY TO ADVANCE THE PROJECT. THESE CREDITS REPRESENT 1 METRIC TON OF CO2 THAT HAS BEEN BOTH REMOVED FROM THE ATMOSPHERE AND SEQUESTERED IN A FORM THAT IS LOCKED OUT OF THE CARBON CYCLE FOR MORE THAN 500 YEARS. EACH TONNE WILL BE THIRD PARTY VERIFIED, AND IN AN INTERNATIONALLY COMPLIANT FORMAT.
THIS IS NOT THE CASE YET HOWEVER, SO THE HOLDER OF PRE-PRODUCTION CREDITS WILL BE NOTIFIED WHEN THE CARBON CREDIT HAS BEEN FULLY UPGRADED TO ACTIVE AND COMPLIANT. RETIREES OF CREDITS WILL BE ABLE TO USE THEIR SEQUESTRATION CERTIFICATES TO ACHIEVE THEIR OWN NETZERO EMISSION GOALS OR TRADE THEM. IN THE FUTURE, ONCE OPERATING, ALL CMECH CREDITS WILL BE ISSUED ACTIVE, REPRESENTING CARBON ALREADY IN THE GROUND. UNTIL THEN PRE-PRODUCTION CMECH CREDITS ARE A GREAT WAY TO HELP THE PROJECT ON ITS WAY TO LAUNCHING THE FIRST MACHINE.
BIO: DR. MAHBOOB ALAM
**DR. MAHBOOB ALAM IS AN ANALYTICAL CHEMIST AND MATERIAL SCIENTIST WORKING IN COLLABORATION WITH THE UNIVERSITY OF BRITISH COLUMBIA. HE IS PRESENTLY ENGAGED IN RESEARCHING CO2 REDUCTION REACTIONS. HIS WORK CENTERS ON DEVELOPING INNOVATIVE PROTOCOLS TO UNDERSTAND AND ENHANCE CO2 REDUCTION MECHANISMS, EXPLORE NOVEL CATALYST MATERIALS, AND ADVANCE EFFICIENT CARBON CAPTURE AND UTILIZATION TECHNIQUES. HIS RESEARCH ENDEAVORS TO CONTRIBUTE INSIGHTS THAT COULD POTENTIALLY INFLUENCE ADVANCEMENTS IN SUSTAINABLE ENERGY TECHNOLOGIES AND ENVIRONMENTAL MANAGEMENT STRATEGIES.
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