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Net Zero and Decarbonization Explained

April 4, 2023
Net Zero and Decarbonization

In order to combat global warming, greenhouse gas emissions have to be down to net zero emissions. The reality of achieving is far more complicated than many make it seem. The burning of fossil fuels has resulted in more carbon dioxide in the atmosphere, which is warming the planet. In this article, we dive into net zero and decarbonization.

The Burning of Fossil Fuels and Increased Carbon Dioxide in the Atmosphere

The burning of fossil fuels has resulted in more carbon dioxide in the atmosphere, which is warming the planet. Scientists realized that it was impossible to cut emissions quickly and thoroughly enough to reach certain temperature targets. They started talking about how greenhouse emissions and greenhouse gas removals could balance each other out, resulting in net zero.

Net Zero and the Challenges of Greenhouse Gas Removals

Scientists realized that it was impossible to cut emissions quickly and thoroughly enough to reach certain temperature targets. They started talking about how greenhouse emissions and greenhouse gas removals could balance each other out, resulting in net zero. The hardest part is taking emissions out of the air, which is the harder aspect of getting to net zero emissions.

How Can We Better Understand Net Zero and Decarbonization?

According to the Economist, there are already methods already happening and being used for removing greenhouse gasses from the atmosphere. These include the planting of new forests and improving soil, so that he can store more carbon.

Man made technologies are also being developed that will be able to take carbon dioxide from the air and store it in the ground. There are many innovative ideas and inventions when it comes to negative-emissions technologies, but none of them have been proven to work.  
When businesses say that they aim to be net zero, it means that they have a target of drastically reducing their greenhouse gas emissions. They want to achieve a balance between the greenhouse gasses put into the atmosphere and those taken out. Net zero is considered the benchmark standard for decarbonization.

Greenhouse Gas Emissions Explained

Greenhouse gas emissions are gases like carbon dioxide, methane, and nitrous oxide that are released into the atmosphere by human activities such as burning fossil fuels, deforestation, and industrial processes. These gases trap heat in the atmosphere and contribute to global warming and climate change.

It’s crucial that every aspect of a business is a part of the net zero transition. Decarbonization cannot happen without the combination of both physical and digital technology to collect carbon data and act on it with certainty.

Are we on track to reach net zero by 2050?

No commitment from governments has not been met yet. According to the United Nations Climate Programme, the global greenhouse emissions will grow by nearly 14% by 2023, from 2011 through 2025, compared to 2010. To get to net zero it must be accompanied by significant changes in government nationally determined contributions to reduce greenhouse emissions now.

It’s becoming a new trend for companies to claim that they want to become net zero. Although many companies do not want to own up to their carbon footprint, others are taking action.

According to Accenture, 35% of the world’s largest companies are now committed to Net Zero, however, all 93% will fail to achieve their goal if they do not double the pace of emissions reduction by 2030. It’s one thing to become net zero, but it’s another to become net zero and stay profitable. That is the main concern for most corporations and they’re still trying to find a way to make both possible.

net zero and decarbonization

How Can Enterprises Combat Climate Change?

Adapting commercial solar to a business is a smart and effective way to address climate change while also delivering tangible benefits to your bottom line. By investing in solar energy, businesses can significantly reduce their carbon footprint and greenhouse gas emissions, demonstrating their commitment to sustainability and environmental responsibility.

But beyond the environmental benefits, there are also clear economic advantages to adopting commercial solar. Solar energy systems can help to lower your energy costs, boost your company's profitability, and increase your overall competitiveness in the marketplace. In fact, many businesses are finding that investing in solar energy pays off in the form of lower utility bills and reduced operating expenses over time.

At the same time, by transitioning to solar energy, businesses can also position themselves as leaders in their industry and attract customers who are increasingly environmentally conscious and looking for sustainable products and services. In this way, investing in commercial solar isn't just good for the planet - it's also good for your business.

Net Zero and Decarbonization FAQs

What is zero emission?

The goal of eliminating emissions is a process that removes carbon in the atmosphere in a process called carbon elimination.

What is the net zero carbon reduction strategy?

Net zero is the reduction of greenhouse gases to minus the emission from the atmosphere, oceans, forests, or the ocean.

Is decarbonization the same as net zero?

While decarbonizing the economy does not necessarily equate to the elimination of carbon emissions, it is also possible to reduce emissions with sequestration.

Sources

https://www.morganstanley.com

https://newsroom.accenture.com

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