While the Covid pandemic has temporarily reduced emissions, Carbon di oxide levels are still important at record highs - and rising. Still, Pandemic recovery gave us an unexpected yet vital opportunity to attack climate change, fix our global environment, re engineer economies and re imagine our future. The european union, the united kingdom, Japan, The republic of Korea and more than 110 countries have built a truly global coalition for carbon neutrality by 2050

The Paris agreement aims to reach global peaking of greenhouse gas emissions as soon as possible and undertake rapid reductions.  In order to achieve net zero emissions, all worldwide greenhouse gas (GHG) emissions will have to be counterbalanced by carbon sequestration. Carbon sink is any system that absorbs more carbon than it emits. The main natural carbon sinks are soil, forests and oceans.

Another way to reduce emissions and to pursue carbon neutrality is to offset emissions made in one sector by reducing them somewhere else. This can be done through investment in renewable energy, energy efficiency or other clean, low-carbon technologies. EU's ETS is one such example.

The European Union is committed to an ambitious climate policy. Under the Green Deal it aims to become the first continent that removes as many CO2 emissions as it produces by 2050. Currently five EU countries have set the target of climate neutrality in law: Sweden aims to reach net-zero emissions by 2045 and Denmark, France, Germany and Hungary by 2050