What are Nature-Based Solutions (NbS)?
Nature-based Solutions (NbS) make use of natural processes and ecosystems to mitigate climate change. Examples include reforestation, wetland restoration, and urban green spaces. These solutions are cost-effective over time, providing extensive co-benefits like biodiversity conservation and water regulation. That being said, NbS can often be slow to implement, while also being vulnerable to climate impacts.
What are Engineered Solutions?
Engineered solutions make use of engineered processes and innovative technologies to mitigate climate change. This includes carbon capture and storage (CCS), direct air capture (DAC), and renewable energy technologies like solar and wind power. TbS are characterised by their rapid scalability and high predictability, though they often require significant investment and infrastructure, with limited co-benefits beyond emission reduction/removal.
Choosing the Right Projects for Your Portfolio
Selecting the right mix of NbS and engineered solutions for a climate mitigation portfolio requires considering your organisation's goals, investment capacity, and the desired balance between immediate impacts, carbon storage period, and sustainable benefits. A diversified portfolio that leverages the complementary strengths of both NbS and engineered solutions can offer a robust approach to addressing climate change and addressing Net Zero targets.
Not sure where to start? Get in touch with the Senken team and we will set you on the right path.