Key Points:

  • Net Zero is a state where the amount of greenhouse gasses produced by human activities equals the amount of these gases removed so a global balance is achieved over time.
  • For the world to reach net zero emissions by 2050, emissions need to be reduced by 45% by 2030.
  • Approaching net zero requires countries and companies to reduce their emissions by using sustainable energy sources and packaging.
Achieving Net Zero Key Points

Achieving Net Zero: Who, What, When, Where, Why

Achieving net zero is a state where the amount of greenhouse gasses produced by human activities equals the amount of these gases removed so a global balance is achieved over time. This balance is sometimes only called Net Zero or Climate Neutrality and can refer to all greenhouse gases or carbon dioxide emissions. To achieve net zero, countries all across the world have pledged net zero by the year 2050 but are they on track?

Unfortunately, we are not. For the world to reach net zero emissions by 2050, emissions need to be reduced by 45% by 2030 and right now this seems like an undoable task. In November of 2023, around 145 countries announced that they would be considering acting on net zero targets, covering at least 90% of the global emissions. To date, at least 27 countries, including Australia,  have enforced net zero legislation. 

Every day a new company or a country alleges that it is removing carbon emissions one way or another but is their claim credible? This is another pressing issue in the world of net zero. There is no universal committee that handles or keeps in check the claims made by countries and companies. It is estimated that of all the net zero emission claims, only 7% are credible and are decreasing the emissions. 

Approaches to Net Zero

There are two main approaches to net zero in the world today and they are as follows:

  • Actions to remove emissions from the environment 
  • Purchasing and utilizing Carbon Credits 

Approaching net zero requires countries and companies to reduce their emissions by using sustainable energy sources and packaging. These changes take time and need a lot of research for a company to go through. The other approach to net zero is using carbon credits. Carbon credits are permits that allow the owner to release a certain amount of greenhouse gases like carbon dioxide into the atmosphere. One carbon credit equates to one ton of greenhouse gases. Carbon credits are also known as carbon offsets.

The carbon credits are a part of a cap and trade program. Companies that have increased emissions are issued carbon credits and periodically, they work to decrease it. Once the company reaches a point where they are emitting fewer emissions, they can sell their unused credits to companies that need them and make a profit. 

Clima: Future Impact Now

In Australia, Clima is a climate solutions platform that facilitates businesses’ journeys towards environmental sustainability. We offer independent services, including carbon measurement, offset solutions, and client engagement tools. Our solutions help businesses effectively track and communicate their environmental efforts to engage customers and gain data insights. 

We are a reliable source for businesses wanting to buy carbon credits and participate in good carbon projects in Australia and internationally. Our commitment is to drive real progress in reducing carbon emissions in the corporate sector. Clima operates based on core values that guide every initiative we undertake. These values are:

  • Integrity: We ground our operations in integrity. We maintain transparency, accountability, and reliability in our products, projects, and relationships, fostering a trustworthy partnership with our business clients.
  • Innovation: Clima fosters an environment that encourages creativity and ingenuity. We continuously seek novel solutions to climate change from a business perspective.
  • Care: We approach our work with empathy and a strong sense of stewardship for the planet. We value our global community and want to impact the business world positively.

We encourage businesses to take bold and decisive steps to drive climate action and have a proactive mindset. We seek opportunities to create meaningful change and inspire other businesses. 

FAQs

What Can Businesses Do for Achieving Net Zero?

Businesses can do a lot for achieving net zero: they can use sustainable energy sources and switch to sustainable packaging, they can also invest in carbon offset projects, and engage their customers in making sustainable choices, all actions leading to decreased emissions. Businesses in specific countries will have to show proof of sustainability practices as a way to comply with government rules. 

What Is the Connection Between SDGs and Net Zero?

The Sustainable Development Goals (SDGs) and net zero emissions are very much connected. The SDGs were designed to bring greenhouse gases down and help the planet reach net zero emissions by 2050. The 17 SDGs cover most aspects of human life and explain how and what will help us to reach our global goals. 

Conclusions

In conclusion, achieving net zero is harder than we thought by 2050 but it is not undoable. Approaching net zero requires countries and companies to reduce their emissions by using sustainable energy sources and packaging. There are two main approaches to net zero in the world today and they are: actions to remove emissions from the environment and purchasing Carbon Credits. 

Further Readings

By Clima