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| Wed, 13th Nov 2019 12:36:00 |
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Net zero: an ambition in need of a definition |
This year has seen a surge in the popularity of net zero emissions targets. Companies and governments have been lining up to declare their net zero aspirations.
For example, in June of this year, the UN Global Compact, the We Mean Business Coalition and the Science Based Targets initiative (SBTi) issued a call to action for private companies to align their GHG emission reduction targets with 1.5°C emissions scenarios or set a public goal to reach net zero emissions by no later than 2050. To date, 104 businesses have signed this Business Ambition for 1.5°C pledge.
Then in September, the UN Climate Action Summit in New York saw the launch of the Climate Ambition Alliance, bringing together 59 nations ramping up action by submitting their enhanced Nationally Determined Contributions (NDCs) by 2020, 11 States that have already started an internal process to increase ambition, as well as 65 countries and the EU, ten regions, 102 cities, 93 businesses and 12 investors – all working towards achieving net zero emissions by 2050.
Read original full article
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