Companies and countries have set either 'carbon neutral' or 'net zero' targets, and you've probably heard these terms a lot. But what do they mean? And what's the difference between 'carbon neutral' and 'net zero', as we hear these terms more and more on the ESG agenda?
A ‘carbon neutral’ activity means that the carbon that is produced by that activity is ‘offset’ or theoretically ‘cancelled out’ by an equivalent amount being removed, something called carbon offsetting. This can be done via carbon removal, or sequestration, for example, planting more trees - or reforestation. The second way of carbon offsetting is by preventing future carbon emissions, by supporting or developing projects which will have that effect, such as investing in renewable or green energy. Finally, what is known as a ‘carbon credit’ ‘carbon offsets’ can be purchased.
Net zero means that a company has reduced its absolute emissions across its whole supply chain to the fullest extent possible. Carbon credits and offsets are only considered under ‘net zero’ but only after all methods to avoid and reduce all greenhouse gas emissions have been exhausted, for example via current technological limitations.
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Негізгі бет CARBON NEUTRAL VS NET ZERO - Why there's a huge difference.
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