{"id":15211,"date":"2022-04-27T02:05:21","date_gmt":"2022-04-27T02:05:21","guid":{"rendered":"https:\/\/energytracker.asia\/?p=15211"},"modified":"2022-04-27T10:19:11","modified_gmt":"2022-04-27T10:19:11","slug":"net-zero-by-2050-humanitys-best-bet-against-climate-change","status":"publish","type":"post","link":"https:\/\/energytracker.asia\/net-zero-by-2050-humanitys-best-bet-against-climate-change\/","title":{"rendered":"Net-Zero by 2050: Humanity’s Best Bet Against Climate Change"},"content":{"rendered":"
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Net-zero<\/strong> goals are a cornerstone in the global strategy to mitigate climate change and reduce global emissions. Countries, cities and companies are adopting climate pledges to assist global efforts. This includes ambitious net-zero<\/em> targets across all industrial sectors \u2013 including the energy sector<\/a> in which fossil fuels have historically dominated. Together, these pledges will be a significant factor in reaching net-zero to limit the impacts of climate change.<\/p>\n\n\n\n

What Is Net-Zero – Definition?<\/h2>\n\n\n\n

When discussing net-zero goals, policymakers refer to a system that produces the quantity of greenhouse gases equal to or less than the quantity of gases removed<\/a> from the atmosphere. For example, this could be an organisation that plants enough trees per year to counter the carbon emissions it creates.  <\/p>\n\n\n\n

What Does It Mean to Go Net-Zero?<\/h2>\n\n\n\n

Going net-zero means achieving a balance in both produced and captured greenhouse gases. In the short term, it means removing carbon dioxide from the Earth\u2019s atmosphere while finding low-carbon alternatives.<\/p>\n\n\n\n

The push to achieve net-zero emissions has gained popularity due to several reports highlighting global governments\u2019 slow action<\/a> to reduce their carbon and GHG emissions. Committing to an economy-wide transition towards low-carbon solutions helps to ensure that a rapid response for removing carbon from the atmosphere is underway. We must reach net-zero by 2050 in order to meet the global net-zero target of limiting warming to 1.5\u00b0C by 2100. It requires bold climate action to limit global warming.<\/p>\n\n\n\n

What Is Net-Zero for a Company?<\/h2>\n\n\n\n

For companies, net-zero involves decarbonising<\/a> their operations as best as they can. This means creating more efficient and sustainable products or services and exploring low-carbon alternatives throughout their supply chains.<\/p>\n\n\n\n

What Is a Net-Zero Strategy?<\/h2>\n\n\n\n

A net-zero strategy refers to the plan put in place to decarbonise a specific activity. It considers current greenhouse emissions, opportunities to reduce them, the timeline to achieve a reachable goal and its pathway.<\/p>\n\n\n\n

The Goal of Reducing Greenhouse Gas Emissions and Carbon Dioxide Emissions to Fight Global Warming<\/h3>\n\n\n\n

For governments, this involves working with stakeholders across all sectors of the economy (public, private, NGOs and academic) to collaborate on a workable solution<\/a> toward net-zero. In some instances, partnerships between these sectors can help further reduce greenhouse gas emissions or lead to innovative governance and policies. To be successful, a net-zero strategy must consider every industry and the impacts that the shift could cause. In some cases, it may come to the detriment of one industry but boost another. Or, it may open new opportunities for an entirely new sector. A holistic and comprehensive net-zero strategy would incorporate and identify the issues, solutions and alternatives available.<\/p>\n\n\n\n

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Source: Actuaries Digital<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Net-Zero Emissions<\/h2>\n\n\n\n
\"What
Source: Green Match<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

The need for net-zero emissions has come due to the worsening effects of climate change<\/a>. The high amounts of greenhouse gases in the atmosphere exacerbate the planet\u2019s natural environmental cycles. These continually increasing global emissions levels lead to compounding consequences. Before industrialisation, the global environment had enough carbon sinks, or areas that would capture carbon dioxide emissions, to balance its natural production of greenhouse gases. This balance ensured that the environment and global temperatures remained stable.<\/p>\n\n\n\n

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However, due to the onset of industrialisation, the burning of fossil fuels and the removal of natural carbon sinks, greenhouse gases have increased. This is causing environmental degradation in natural systems and leading to widespread climate change. As a result, global governments are working together to limit warming and reach net-zero carbon emissions. The transportation and energy sectors are the main targets for these policies because they account for a majority of carbon emissions. However, this change is happening in every aspect of the economy.<\/p>\n<\/div>\n\n\n\n

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