Which will have the most impact?

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Afforestation

Land Use

Afforestation — creating forests where there were none before — creates a carbon sink, drawing in and holding on to carbon and distributing it into the soil.

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Rank and results by 2050 #15

Afforestation

Reduced CO2: 18 gigatons
Net cost (Billions US$): $29.44
Net operational savings: $392.33 billion
What do these numbers mean?

TOTAL CO2-EQ REDUCTION (GT)

Total CO2-equivalent reduction in atmospheric greenhouse gases by 2050 (gigatons)

NET COST (billions US $)

Net cost to implement

SAVINGS (billions US $)

Net savings by 2050

Impact:

As of 2014, 709 million acres of land were used for afforestation. Establishing timber plantations on an additional 204 million acres of marginal lands can sequester 18.1 gigatons of carbon dioxide by 2050. The use of marginal lands for afforestation also indirectly avoids deforestation that otherwise would be done in the conventional system. At a cost of $29 billion to implement, this additional area of timber plantations could produce a net profit for landowners of over $392 billion by 2050.

Vs

Energy Storage (Utilities)

Electricity Generation

Energy storage — daily, multiday, and longer-term or seasonal — is vital to reduce emissions from polluting “peaker” plants and accommodate the shift to variable renewables.

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Rank and results by 2050 #77

Energy Storage (Utilities)

What do these numbers mean?

TOTAL CO2-EQ REDUCTION (GT)

Total CO2-equivalent reduction in atmospheric greenhouse gases by 2050 (gigatons)

NET COST (billions US $)

Net cost to implement

SAVINGS (billions US $)

Net savings by 2050

Impact:

Taken on its own, the production of energy storage does not reduce emissions; instead, energy storage enables adoption of wind and solar energy. No carbon impact numbers are included above in order to prevent double counting with the variable renewable energy solutions themselves. As with other forms of grid flexibility, the costs and total growth are not modeled directly.

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