What is Net Zero?
Net-zero means cutting greenhouse gas emissions to as close to zero as possible.
What's the difference between carbon neutral and net zero?
Timeline to meet Net-Zero targets
Towards a Net-Zero Future
A key framework that will bring the world closer to net-zero carbon emissions is the Paris Agreement.
The Paris Agreement is an international treaty adopted by 196 parties at the UN Climate Change Conference (COP21).
There are 3 Key Elements of the Paris Agreement:
Climate & Carbon Concepts
The Greenhouse Gas Protocol (GHG Protocol) helps countries and companies account for, report, and mitigate GHG emissions by implementing a standardised measurement of such emissions and categorising them into Scope 1, 2 and 3 emisssions.
A carbon tax is a tax on the emission of greenhouse gasses (GHG) and the main objective of a carbon tax is to increase the price of carbon-emitting activities to reflect the social cost of carbon emissions and the resulting climate change. This is one of the methods which governments can encourage businesses to adopt more sustainable practices.
There are 27 countries that have implemented a carbon tax as at March 2023 according to the World Bank's carbon pricing dashboard.
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