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		<title>Ocean&#8217;s carbon storage capacity surpasses IPCC estimates by 20%</title>
		<link>https://ocean14capital.com/2023/12/29/oceans-carbon-storage-capacity-surpasses-ipcc-estimates-by-20/</link>
					<comments>https://ocean14capital.com/2023/12/29/oceans-carbon-storage-capacity-surpasses-ipcc-estimates-by-20/#respond</comments>
		
		<dc:creator><![CDATA[niki]]></dc:creator>
		<pubDate>Fri, 29 Dec 2023 21:33:19 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[IPCC]]></category>
		<category><![CDATA[Carbon Sequestration]]></category>
		<category><![CDATA[Carbon Sinks]]></category>
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					<description><![CDATA[A study estimates the ocean's carbon storage at 15 gigatonnes per year]]></description>
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                    <h1>Oceans play a pivotal role in the Earth&#8217;s climate system, regulating the climate by absorbing and distributing heat globally, elevating atmospheric humidity, and acting as a significant carbon sink.</h1>
<p>The ocean&#8217;s carbon storage capacity was underestimated by 20% in the latest IPCC report, according to a study published in <em><a href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8JC3m2ndW7lCdLW6lZ3pkW1x3zDj6qMplWW7jhv2x2358LbW5YwB2V8-j8zNW16kF7j66tbJVW1KSt5n2y1SF9VN3C5T6x9-LsW4QW_DP11ZLvhW8XhtgZ6fBJWvVbkV8p8K94BlW8b1T_34WvSFZW8HmxzG6YfskKW76KGBd4JN7jvW4bklTt36TQF1W7Tqjv_7yr0njVpm8pD1D_hXFW7khWm57cJHkzW4MTN6y7Y-GYjW3gTTY18rFWVXW7dr6304bFqCKW6Y1rKH8l2t62W2Qj91b3xLMXmW8Q9vQV27Yfn4N1gp8v7M78nPW6SgrG14B9JvBf2H9Wzn04">Nature</a></em>.</p>
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                    <p><strong>What&#8217;s happening?</strong> The ocean&#8217;s carbon storage capacity was underestimated by 20% in the latest IPCC report, according to a study published in <em><a href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8JC3m2ndW7lCdLW6lZ3pkW1x3zDj6qMplWW7jhv2x2358LbW5YwB2V8-j8zNW16kF7j66tbJVW1KSt5n2y1SF9VN3C5T6x9-LsW4QW_DP11ZLvhW8XhtgZ6fBJWvVbkV8p8K94BlW8b1T_34WvSFZW8HmxzG6YfskKW76KGBd4JN7jvW4bklTt36TQF1W7Tqjv_7yr0njVpm8pD1D_hXFW7khWm57cJHkzW4MTN6y7Y-GYjW3gTTY18rFWVXW7dr6304bFqCKW6Y1rKH8l2t62W2Qj91b3xLMXmW8Q9vQV27Yfn4N1gp8v7M78nPW6SgrG14B9JvBf2H9Wzn04">Nature</a></em>.</p>
<p>Plankton plays a crucial role in transporting carbon from surface waters to the seabed by converting CO<sub>2 </sub>into organic tissue. As plankton die, they form &#8220;marine snow&#8221;, sinking to the seabed, storing carbon, and providing nutrients for deep-sea organisms.</p>
<p>Analysing decades of oceanographic data, the study estimates the ocean&#8217;s carbon storage at 15 gigatonnes per year, a 20% increase from previous IPCC estimates. While insufficient to offset current CO<sub>2</sub> emissions, this discovery underscores the ocean&#8217;s vital role in long-term climate regulation.</p>
<p><strong>Why does this matter?</strong> The oceans play a pivotal role in the Earth&#8217;s climate system, serving as a primary force in maintaining the planet&#8217;s climatic equilibrium for thousands of years. Their regulation involves absorbing and distributing heat globally, elevating atmospheric humidity, and acting as a significant carbon sink.</p>
<p>The ecosystem services provided by the world&#8217;s oceans render Earth a habitable planet. For example, oceanic biogeochemical processes contribute to providing at least half of the Earth&#8217;s atmospheric oxygen.</p>
<p>The ocean’s role in global temperature control cannot be overstated. Researchers <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8Jj3m2ndW6N1vHY6lZ3lcMxJ2K4xDDqKW10TtLH8zfyZwW864Znp1ZBSbKW6MfMKL5q-QzlW7Mkb8h6KLtLBV7gwg28z061rW61kZXv37KmszW1PQ5yX3951GFN6-Rg0bv8GY8W3Vxf5D8Gph8ZW7sR-Bl5L8WjZW74WX7c1XwHkyVThVRC6-QJMdW68QmMw73QdvdN3KNhDb3YLhzN3_5V2KJnzW-N5zKZPPwhMPKW56S8002Qkpl6W5Fdqbt4Lh7dBW8vJfpl8LtYJgW6C8rDD3_0dJ2N96xSzF9clYnf5HMjfF04" data-hs-link-id="0">estimate</a> that if the ocean stopped absorbing atmospheric heat, the average global temperature would sit at 50C, up from 15˚C today. In some areas, temperatures would exceed 100˚C.</p>
<p>The ocean is the largest carbon sink on Earth, <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8Kb5kBVqW8wM7ks6lZ3lTVRFXNY6zbGV7W3HT68C2ZRZlXN91Q8LHmK9BGW3RQ95p4p1n83W99f0ZM4dGDf3W228bxh6YVj_TVj5cqT8Mf9dpVpMM_z2gjLKkW6bT9DT5Sq3t6W5xQRvL2k6rkqW22VZYc54ccvgN6z5cfsnX4sdW9knXjP8TkRyKW2Yh7J69jVH5CF3RTjWnRj8NW1BzwXP22kxK5W1Lb-Tw7RSSGgW5ZDWQv5PskDQW5QSxt5449dgcW1r8NGy8YNSVfW5mdR7G1fSjmGW1QlDD13sKPx_W4gbKH08PcT6CW3q93bp834Jf-W7nnXds7z4GcNW7rTn0S43TJC3W53sSj035bNBYW2f7yn58PLtR1W7Xf7fp7Jw7PJW2LkmnX7QC9ZGW8VQkhK4gxl2_W4S4nlF7fl623N170rp5y3WKPW7HkBP37R8l32W259kM61c9xmVW3-zpQ66g3LZmVT3hGt4jNHw1W9gNSWl1PqGZjW308BCQ2tR0VPW4hCqnn2JvZs-W1mcLBN30jTvsW4NNprb5k_lvlW63dgH86HPwl6N4ZbzBs26Tp3f6mlGF804" data-hs-link-id="0">holding</a> approximately 38,000 billion tonnes of carbon – over 28 times more than land vegetation and the atmosphere combined. The ocean’s ability to absorb, store and release carbon has shaped the Earth for millions of years.</p>
<p>In geological timescales, this <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8JC3m2ndW7lCdLW6lZ3kvW5dd7L33pbwK7N1MSD8VNmshPW6c9VN98Z_gnhW44d0g15FQ4SwW85c8WX65BwJgW4y7Qtv3sBVsXW8PssNR6d86CjW2Z9tbn1HZm06W3-Kz0r52WgzmW47FDgz3WqZ7QVMDp9X4zrF5DW5swsP_9kLxqsN3xpc0cJ8LvFW5kP2qv5Z96BbW9ltq381_nfQzW2yJPcn8tYZtJN73Dpmx3_s4hW5Dpy-v6lYM1bW3fbs-q4JqBkYW2sC7qJ2qFYCTW9m1Qkv3M82ghW8Ygj2X2PqKxJN6WZbwp13jD3W7Vvrcq3G-yp9f7cTMqx04" data-hs-link-id="0">mechanism</a> has both caused and ended ice ages. In more recent times, since the onset of the Industrial Revolution in the mid-19th century, the oceans have <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8JC3m2ndW7lCdLW6lZ3lNW2512R37rkRhbW5Q4Thf8rvJyGW58FZDM2bxDNDW1Y-vsH1CrQX-W18D3bC6xYd9jVz_BbB6hQk-7W3Rl_Kr83dxJXVypX6N6l7qpNN7tlZ2WNP-9yVN1sdF2lnTK3N8JxfF0m0C8MW2Q1-X-4dQZKRW5d6YXL15ttq3N5_9GD8ZW0TcW3Z0pCX8DdyWfW9j75RT2QGphwW7Yn6SD486LCFW5j40tB2HCZ_nW7cRFXS29ywSGW18Zmtc222W3rVrdG4Q3W8L43W97xkgl5h7KqmW4y8M8M5dVPqFW6dp7CY2XkflZf3Cd_0d04" data-hs-link-id="1">absorbed</a> almost one-third of human-induced CO<sub>2</sub> emissions.</p>
<p><strong>How does it work?</strong> The ocean stores carbon via two pathways, known as the biological carbon pump and the solubility carbon pump.  The biological pump is responsible for the vast majority of the carbon stored within the ocean, with an estimated 15 gigatonnes of carbon sequestered via this mechanism each year, according to the aforementioned <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8JC3m2ndW7lCdLW6lZ3mGW63lDLF4Y6WckW4B5b_Z5WpqB6W1v2zzp6YxscWW6jLNxB5CGL2JW52zVSr7HtwSVW8GtB925-BGVbW8W2cwy2CFDxfW6k-cJm7tHQk6N3YmTDKlRlf1N5DSNH680-fVW7HXG7Q28SzTdN6BGRKVN-H_2W7wzS3d2XTbDmW8_VWd28HgSdwW96KWpJ5jKpqWW5rPFZ_5qd5FWW4n5dcc5G1rfbW4mDc5P3bW1cwW4Ybnl56y62WmF6jZq-yJG4xW6xHZHf7cpsf2W5C6-_f92x5cqW5mrMsL36HKf4N3861wnt0XsRf6hsVmY04" data-hs-link-id="1">study</a>.</p>
<p>In the sunlit layer of the ocean, tiny plants called phytoplankton use sunlight to perform photosynthesis, extracting CO<sub>2</sub> from the atmosphere and converting it into organic matter.</p>
<p>This process, known as primary production, forms the foundation of food chains in the ocean. Despite the small size of these plants, they generate large amounts of dissolved organic carbon (DOC) to sustain marine food chains.</p>
<p>A portion of the produced organic material sinks to the ocean depths before being stored in sediments for millennia. An <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8Kv3m2ndW95jsWP6lZ3q0W3LpMGx5Gb3mNW74srnT6tclxZW19wPmH9k6smvVbFRLk5C1-2xW5PlFHq55gDd4W4XTPQ-6gSKFQW2Kkq9Z2kxyS5W6vlHBS4jmV8vW8nK-sP7gDspdW6NLLJb5HQBDNW9gj19s4jFNZFW7njYdS1B8VCVV6XPN88GwFkZW5jpn6M3GccFHW2nm8hT766fNwW4JV1gs2cRj-RW4tW9gb6X-HrZN8D5qKvS7XFNW4TSMM34n6hGjN2_NFKpVcpsGW8R2PL38fBWs7W3TK_Hd6fwPjCN5gNPCDg1bXTN3J3XjrlXKP4W5nzfkh29psSFN4KPQLj4J3ptW4D7PsX6Tt9-6W518Pj929_2y4VZF4dL8JKBdFW14tX_j1d_bWXd3y9Sq04" data-hs-link-id="0">estimated</a> 0.1%-1% of these sediments go on to become fossil fuels.</p>
<p>The second, less productive carbon pathway is powered by physico-chemical processes, known as the solubility pump. Here, surface waters in cold regions absorb atmospheric CO<sub>2</sub> and become dense, sinking to vast depths and effectively storing carbon.</p>
<p>These processes are crucial for removing CO<sub>2</sub> from the carbon cycle over long periods. However, the rapid release of carbon into the atmosphere by human activities contrasts with the slower rate of CO<sub>2</sub> sequestration by photosynthesis and CO<sub>2</sub> absorption.</p>
<p>Concerningly, a growing body of <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8Kv3m2ndW95jsWP6lZ3k-W1JHyP78vNbWqW7jtykC3K7GGlVhqm3L2WzsY2N1695N59pN5GV6zFQc8RRWzzW1nC4-l8rgjdXW4LrsXG6StDYgV3ZK2H4FJ3MtN3ssTHPXR9G0W3SZhHt22kQ7MVdmGxC4gJXvzW5yFXfv91dxPRVNK7gc1CXQp7W2BCXsS4y1c7LW7gLm6811mNX2W72pj_y3ynmsdW73kkRZ6qXVyDW4MF0z11QLyT0W6N4nFh43fCFmW6p6xz_2hbzwnVfx8lZ2-Q8McW4nRnK28K6gRFLgPnydKFgPW2L9WKW1CPWhjVkq5xj2dmv2zW2WyJft60d3gNW1HqcKv3BSzy0VJD2Cr56vNwlW1w8BdS8lRHKJW2PtHpt5mqVXydpfBX604" data-hs-link-id="1">literature</a> suggests that climate change may impact both the biological and solubility pumps. For example, warmer waters lower the capacity of the solubility pump.</p>
<p>The behaviour of the biological pump is harder to predict, however, as temperature, light, inorganic nutrients, and pH, among a variety of other variables, will have a significant impact on phytoplankton’s productivity.</p>
<p>As the climate crisis worsens, calls to utilise geoengineering solutions in the ocean have intensified. <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8Kv3m2ndW95jsWP6lZ3kRW5KWJbs2-r701W7wWCQz1JQncrW70-bp63ZF10hW7zfgBS4ncClcW1Pwxd55XRGHfW1zRBXY5QNlqcW6CDxDY4PwnVCW7WGqPY4PzPlmVNWfQl3tncgwW7YXnPT2_x8mvW81k1mQ3ZQHNLW8bpjNR4m7jQNW5XHmxc96V5KnVRbgqG7H31SrW4VS5D144wswpW31Jbmx3wqB8_W3DPVCh798fGNW89kVVV1-BsNMW8jpFB49brzBSW3LXRXD1ClVLgW8s3T451mcLgZW24f6HW1CmJQNW77gvlJ6plm1vV97hGm6KtPTMW8DCnnT2QBxfpW2bMbt52J2c2qW3rgpWr5fSMj_W7KcFcg5jssKKW3L_k6v1qqHCGN4-5d5Q98p5kf5RDpml04" data-hs-link-id="0">Suggestions</a> in the past have included ocean fertilisation, where iron is used to simulate plankton growth. However, a <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8JW3m2ndW7Y8-PT6lZ3nVW7g6p-Q4rFV-BW36zjVk25LkjHW4qQbDK7m77vcW5Lj9xK8yy_wvW2k42Fp8MZ1FZW4Sv-n87FNbqYW97VDF739SQjhW4hlHSd88s___W1_fffj2p_K9zW56Pmcy2wWRtpN5Dmfbg-k26BW3KXD4J7GDGqMW91-y9P98s_T1W51S3WS732Q2PW5Q7m0R5xx52KW2ZL70z36npX-W7GwTc65g3qCYVpZqh63bt3yFW3L0HcF1vdx73W6kYlhN15fSRRW4s2Smt4vN7ctN22rwHwxxXnyW8N5dXH7KKG3nVXtp4r3V_nBJN74-k0P6CmqTVmKZys7SmQHQf86PgWs04" data-hs-link-id="0">study</a> conducted by MIT suggested that ocean fertilisation may have no impact on the global scale.</p>
<p>Seaweed farming is a rapidly advancing ocean carbon removal method. Numerous startups and research initiatives are exploring the feasibility of cultivating seaweed, and then submerging it in the deep sea as an efficient means of capturing and storing carbon.</p>
<p>The US start-up Running Tide is initiating field trials near Iceland, <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VVPy0W3vsXgZW74db7k7mgVTcW7-75Mp57DXBVN46-8Jj3m2ndW6N1vHY6lZ3pmW6wmDR09b8KW-W87y2xG8jdF2BW953-Dh8vp1-xW7q3xX15dXl0qW80MznT3p91n1W6-8fJP3ThHb8VtJbw78tKrrlW6qgGDN3240_BW3C9VHv6m43H7W15zqYY34wKj7W5mj0z04GQ8gTW2PQchj8Mzb1SW4MNSHB5pC3G-W9f0KdH2FPjypV4wnKy6yb_MSW82h40p26ffKTW8SnFQF7FwBW7W94fyC48m1ZbVN5bcQ9kByZqRW7QBq1B8k4zQjV7wj_657JQkyW4j_3jb8CLHY4f1cCJzM04" data-hs-link-id="0">deploying</a> thousands of wooden buoys as small floating kelp farms. Once the buoys dissolve, the seaweed they foster sinks into the deep ocean.</p>
<p>&nbsp;</p>
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		<title>It’s time to join the ocean-climate (and biodiversity) dots</title>
		<link>https://ocean14capital.com/2023/05/10/its-time-to-join-the-ocean-climate-and-biodiversity-dots/</link>
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		<dc:creator><![CDATA[niki]]></dc:creator>
		<pubDate>Wed, 10 May 2023 12:30:00 +0000</pubDate>
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					<description><![CDATA[The cost of the climate crisis is not lost on the insurance world as the most expensive storm in 2022 cost US$100bn while the deadliest floods killed 1,700 and displaced 7m people. ]]></description>
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                            <span class="heading" data-aos="fade-up">Economist Impact &#8211; World Ocean Initiative </span>
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                    <p><em><strong>A guest blog by Chris Gorell Barnes, founding partner, Ocean 14 Capital</strong></em></p>
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<p>The latest Intergovernmental Panel on Climate Change (IPCC) <a href="https://www.ipcc.ch/report/sixth-assessment-report-cycle/"><u>report</u></a> is out. Together with <a href="https://www.energy-transitions.org/publications/financing-the-transition-etc/"><i><u>Financing the Transition: How to Make the Money Flow for a Net-zero Economy</u></i></a>, the report’s message is clear: the grim reality is that we are likely to reach a temperature increase of 1.5°C sometime between 2030 and 2052. Moreover, emissions need to be reduced by at least 43% by 2030 and 60% by 2035 to avoid this.</p>
<p>Both reports suggest that there is still time and money to achieve a just net-zero transition by 2050. Exactly how is still up in the air, but we ardently believe that the only way to succeed is to join the dots by harnessing the ocean’s power on every level.</p>
<p><strong>Inextricable link</strong></p>
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<p>Despite the efforts that John Kerry, the US Special Presidential Envoy for Climate, most recently reiterated at the 8th <a href="http://www.state.gov/special-online-briefing-with-secretary-john-kerry-special-presidential-envoy-for-climate-and-monica-medina-assistant-secretary-of-state-for-oceans-and-international-environmental-and-scientific-aff/"><u>Our Ocean Conference</u></a> in Panama City, the ocean-climate (and therefore biodiversity) connection has not fully entered the collective consciousness.</p>
<p>“The climate crisis and the ocean are inextricably linked, and even one and the same. You cannot solve the problem of the climate crisis without solving the problem of the ocean, because it is the heat that comes from the warming of the planet that goes into the ocean. Ninety percent of that heat goes into the ocean,” said Mr Kerry at the conference.</p>
<p>This excess heat is responsible for warming, increased moisture and increased intensity in winds and storms; it is also behind the <a href="https://impact.economist.com/ocean/ocean-and-climate/making-englands-coastline-more-resilient-in-the-face-of-climate-change"><u>increased level of flooding</u></a> that is occurring globally.</p>
<p>The cost of the climate crisis is not lost on the insurance world. According to <a href="https://www.christianaid.org.uk/resources/our-work/counting-cost-2022-year-climate-breakdown"><u>Christian Aid</u></a>, the most expensive storm in 2022 cost US$100bn while the deadliest floods killed 1,700 and displaced 7m people. The 10 most expensive climate-related disasters collectively caused more than US$165bn worth of damage.</p>
<p>Moreover, this <a href="https://impact.economist.com/ocean/ocean-sustainable-development-goals/"><u>Economist Impact infographic</u></a> shows that the ocean is the crucial <a href="https://impact.economist.com/ocean/sustainable-ocean-economy/credit-to-blue-carbon-harnessing-the-oceans-investment-power"><u>red thread</u></a> to achieving all of the UN Sustainable Development Goals (SDGs) by 2030. Yet finance, corporations and governments continue to think in silos.</p>
<p>It is easier to understand the ocean’s potential when you see that it covers more than <a href="https://www.visualcapitalist.com/countries-by-share-of-earths-surface/"><u>70% of the Earth’s surface</u></a>, specifically 27% territorial waters and 43% areas beyond national jurisdiction.</p>
<p>There is a glimmer of hope with the historic <a href="https://impact.economist.com/ocean/biodiversity-ecosystems-and-resources/high-seas-treaty-a-global-deal-decades-in-the-making"><u>High Seas Treaty.</u></a></p>
<p>To read the full blog and find out why Chris Gorell Barnes sees a glimmer of hope with the new treaty, <a href="https://impact.economist.com/ocean/ocean-and-climate/its-time-to-join-the-ocean-climate-and-biodiversity-dots">click here</a>.</p>
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