What is net zero?
Net Zero in simple terms refers to the balancing act between the amount of GHG that is produced and the amount that is removed from the atmosphere. Net Zero or this ‘balancing act’ can be achieved through a combination of the reduction of emission and emission removal and has 4 key components based on the Corporate Net-Zero Standard.
- Prioritise rapid, deep emission reductions by setting near-term targets
- Set long-term targets
- Neutralise residual emissions
- Climate finance beyond the value chain