Updated: Jun 7
Are you interested in “net-zero” but not sure what that means in practice? Are you wondering if this is an objective that your company should pursue? Read along to better understand what “net-zero” emissions are and why this concept is becoming increasingly relevant in fostering sustainable, resilient, and future-ready companies.
At a glance
- For long, the discussion around climate change was centred around reducing GHG emissions. Recently, the debate has moved away from just “reducing” to “cancelling” emissions.
- In 2018, the scientific community declared the need to reach a global state of “net-zero” emissions by 2050, in order to limit global warming to 1.5°C.
- “Net-zero” is achieved when global GHG emissions are counter-balanced, or neutralised, by GHG absorptions of the same volume.
- To be credible, a claim of “net-zero” has to be aligned with the ambition set by the Paris Agreement. This cannot be achieved solely through emission reduction and offsetting. Removal is thus a necessary step.
- “Net-zero” is now at the forefront of the climate discussion and represents an unprecedented opportunity for companies to set meaningful climate action in motion.