net zero The International Energy Agency has released a long awaited roadmap showing how the world s energy sector can slash its planet heating emissions to net zero by 2050 which it says would give the best chance of limiting global warming to 1 5 degrees Celsius
Achieving net zero emissions before 2050 is not just a mere target it is a deadline that we cannot afford to postpone Innovators and entrepreneurs are being asked to meet a very challenging task because it is not anymore enough to have a good idea for an innovation to be truly valuable it must also be quickly deployable and scalable globally Net zero supply chains would hardly increase end consumer costs Around 40 of all emissions in these supply chains could be abated with readily available and affordable levers
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Net zero on the other hand means that a company reduces all greenhouse gas emissions across its whole supply chain Whether we re buying a coffee booking a vacation or making investments the jargon around sustainability can be confusing and overwhelming making it hard to know if we re making the right choices The UN s Global Roadmap sets out milestones the world must reach to achieve net zero emissions by 2050 It includes no new coal power plans after 2021 and 35bn annual investment in access to electricity by 2025 The UN also wants to see 30 million jobs created in renewable energy by 2025
IIndia has a very critical role to play in a net zero future Twenty two of the 30 most polluted cities in the world are in India and one way to improve the situation is through the transportation sector Electric two wheel transportation will lay is laying the groundwork for converting to net zero transportation in India With the US and other countries preparing net zero pledges for COP26 which will be held in Glasgow in October more than three quarters of the world economy could be on track for full decarbonization by mid century This collective action would make the Paris Agreement goal of keeping global warming well below 2 C achievable
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Net zero is expected to cap that rise and it has strong backing In 2015 196 countries and the European Union signed the United Nations Paris Agreement to cut emissions And more than 70 countries including China the US and the EU which are responsible for the greatest volume of carbon emissions have pledged to reach net zero by Net zero targets have become commonplace and fundamental for all organizations across industries Net zero goals are complex and ridden with challenges but solutions exist For example companies can take steps such as business strategy integration or tracking scope 3 emissions to set a path toward net zero
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