Carbon Neutrality( Thematic Report)by Pragati Dubey | 31-07-2021 22:42 |
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5.jpeg) Carbon Neutrality: According to European Union, Carbon neutrality means having a balance between emitting carbon and absorbing carbon from the atmosphere in carbon sinks. Removing carbon oxide from the atmosphere and then storing it is known as carbon sequestration. In order to achieve net zero emissions, all worldwide greenhouse gas (GHG) emissions will have to be counterbalanced by carbon sequestration. EU Goals(Source EU): 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. On 7 October 2020, the European Parliament backed climate neutrality by 2050 and a 60% emission reduction target by 2030 compared to 1990 levels - more ambitious than Commission¡¯s proposal of 55%. MEPs asked the Commission to set an additional interim target for 2040 to ensure progress towards the final goal. In addition, members called for all EU countries individually to become climate neutral and insisted that after 2050, more CO2 should be removed from atmosphere than is emitted. Also, all direct or indirect subsidies to fossil fuels should be phased out by 2025 at the latest. In April 2021, MEPs reached a deal with the Council on the obligation for EU to be climate neutral by 2050. On 24 June, the Parliament adopted the new Climate Law, which increases the current 2030 emissions reduction target of 40% to 55% and makes the 2050-climate neutrality goal legally binding. As suggested by the Parliament, an independent European Scientific Advisory Board on Climate Change will be set up to monitor progress and to assess whether policy is consistent. 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. Steps of Achieving Carbon Neutrality( Source: Global Carbon Projects): • CALCULATE carbon emissions and other greenhouse gases from activities. • REDUCE emissions wherever possible through increased efficiencies. • BALANCE the remainder by purchasing carbon offsets. I want to make this report short as possible and as well as authentic so I have put the information directly from the sources along with their credits. I hope you like this short report on carbon neutrality. |
