Carbon credit under net zero center

The aggregate carbon emissions of a country should be zero on a given date.

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UV Sustainability’s Carbon credit under net zero center Solutions

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All you need to know about net zero emissions

The idea of net zero emissions has got a lot of traction among global climate negotiators over the last year and some agreement on it is expected at the UN Climate Change Conference in Glasgow in November. All major economies have announced net zero targets. Here is all you need to know about the concept and what it means for India:

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It is primarily carbon neutrality. It means the aggregate carbon emissions of a country should be zero on a given date. If a country emits a certain amount of carbon every year, it will have to offset it through forest absorption or carbon capturing or buying carbon credits. In a way, a country can achieve negative emissions, if removal and absorption exceed the actual emissions. Bhutan and Suriname are the only two countries in the world whose net emissions are less than carbon absorption capability and more

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How is net zero different from emission reduction?

Earlier, the discussions focussed on emission-reduction targets by 2050 or 2070 for rich countries, whose unregulated emissions over several decades are responsible for global warming and consequent climate crisis. In recent years, there has been a realisation that emission reduction will not work, and countries will have to work towards carbon neutrality. The net zero formulation does not assign any emission reduction targets to any country. It aims at aggregate zero emission levels. From the perspective of the developed world, it is a big relief because now the burden of climate change mitigation is shared by every country.

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What is the net zero campaign about?

An aggressive campaign has been going on for the past two years for every country to assign a net zero target year. The argument is that net zero is mandatory to achieve the Paris Climate Agreement target of not allowing the planet’s temperature to rise beyond two degrees Celsius by the turn of the century. The concept got a fillip with Joe Biden’s election as the US president and the appointment of John Kerry as his special climate envoy. Kerry has visited over 30 countries since March pushing for a net zero goal. He is keen to have an agreement on net zero at Glasgow.

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