![]() ![]() At the same time, it also highlights the challenges in understanding effective climate action in terms of time, target and performance. ![]() This highlights the importance of net zero as a concept, as an end goal for action on climate change. A paper published in Nature reviewed the assessments by Climate Action Tracker and the UN Emissions Gap Report and shows significant improvement over current policies or pledges submitted to the Paris Agreement. According to the latest research, the uptake of net zero targets by countries, which so far consists of 131 countries covering 72% of global emissions could, if fully implemented, reduce warming by between 0.8-0.9 degrees by 2100. What we are now seeing is the evolution of such approaches into more robust, comparable and transparent approaches. Corporate sustainability has obviously evolved considerably over the last few decades–it started in non-financial performance and impact on operations and has evolved into an understanding of the importance of incorporating sustainability into all operations, to manage costs, transition risk, license to operate, economic and governance factors and, of course, finding strategic advantage over competitors. Net zero is the latest in a long line of terms used in discussion of corporate and financial sustainability, which has accelerated in popularity since the IPCC’s Special Report on 1.5 degrees of Global Warming. ![]()
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