What is Net Zero? - Net Zero Climate (2024)

WHAT DOES IT MEAN TO SET A NET ZERO ALIGNED TARGET?

SCOPE

The scope of net zero refers not only to which greenhouse gases are included, but also which activities are covered.

Generally, net zero refers to all greenhouse gases, that is, all gases coveredunder the Kyoto Protocol, unless the definition refers to a specific gas (e.g. net zero carbon).

In terms of activity coverage, most national and sub-national actors have a standardised approach to scoping net zero. This follows the IPCC’sguidelinesfor calculating national greenhouse gas inventories, bounded geographically (emissions that occur within a given territory).

Within the private sector there are differences, but generally emissions are bounded following the Greenhouse Gas Protocol’s ‘scoped’ approach, and net zero aligned actors should attempt to cover all three scopes. Thethree scopescover:

● Scope 1– direct company owned or controlled emissions occurring at source

● Scope 2– emissions associated with the production of energy consumed by a company

● Scope 3– indirect emissions associated with company activities from sources not owned or controlled by a company.

TIMING

There are differing views about ambition in terms of timing for achieving net zero. However, there is strong international agreement across the climate community and convenors of the Race to Zero campaign that net zero targets should:

● Reach net zero by 2050

● Set interim targets

● Act immediately

OFFSETTING

A carbon offsetbroadly refers to a reduction in GHG emissions – or an increase in carbon storage (e.g., through land restoration or the planting of trees) – that is used to compensate for emissions that occur elsewhere.

While there is disagreement about the widespread use of offsetting there is strong international agreement across the climate community that any offsetting to achieve net requires:

● Robust standards (e.g. additionality, permanence, verifiability, etc.)

● Specification of offsetting approach, avoided emissions, reductions, or removals.

The Oxford Principles for Net Zero Aligned offsetting also require offsetting strategies to:

● Shift from carbon reduction to carbon removal.

● Shift from carbon removal with high-risk (shorter-term) storage, to carbon removal with low-risk (longer-term) storage.

●Support the development of net zero-aligned offsetting.

EQUITY

Many equity considerations are involved in setting a target to align with the global goal of achieving net zero. There is variation in agreement on how to operationalise differentiation around equity considerations, but there tends to be wide agreement in the international climate community that:

All should move to net zero, but scope and timing may differ due to capacity, responsibility, and other factors.

GOVERNANCE

There are key governance considerations for setting net zero strategies. While actor-specific best practices may vary, it is of wide agreement in the climate community that strong governance towards net zero targets will include:

Formal, top-level commitment

● Interim targets

● Transparency through regular reporting and tracking

● Clear action plans with specific operational implications

WHAT DOES IT MEAN TO SET A NET ZERO ALIGNED TARGET?

SCOPE

The scope of net zero refers not only to which greenhouse gases are included, but also which activities are covered.

Generally, net zero refers to all greenhouse gases, that is, all gases coveredunder the Kyoto Protocol, unless the definition refers to a specific gas (e.g. net zero carbon).

In terms of activity coverage, most national and sub-national actors have a standardised approach to scoping net zero. This follows the IPCC’sguidelinesfor calculating national greenhouse gas inventories, bounded geographically (emissions that occur within a given territory).

Within the private sector there are differences, but generally emissions are bounded following the Greenhouse Gas Protocol’s ‘scoped’ approach, and net zero aligned actors should attempt to cover all three scopes. Thethree scopescover:

● Scope 1– direct company owned or controlled emissions occurring at source

● Scope 2– emissions associated with the production of energy consumed by a company

● Scope 3– indirect emissions associated with company activities from sources not owned or controlled by a company.

TIMING

There are differing views about ambition in terms of timing for achieving net zero. However, there is strong international agreement across the climate community and convenors of the Race to Zero campaign that net zero targets should:

● Reach net zero by 2050

● Set interim targets

● Act immediately

OFFSETTING

A carbon offsetbroadly refers to a reduction in GHG emissions – or an increase in carbon storage (e.g., through land restoration or the planting of trees) – that is used to compensate for emissions that occur elsewhere.

While there is disagreement about the widespread use of offsetting there is strong international agreement across the climate community that any offsetting to achieve net requires:

● Robust standards (e.g. additionality, permanence, verifiability, etc.)

● Specification of offsetting approach, avoided emissions, reductions, or removals.

The Oxford Principles for Net Zero Aligned offsetting also require offsetting strategies to:

● Shift from carbon reduction to carbon removal.

● Shift from carbon removal with high-risk (shorter-term) storage, to carbon removal with low-risk (longer-term) storage.

●Support the development of net zero-aligned offsetting.

EQUITY

Many equity considerations are involved in setting a target to align with the global goal of achieving net zero. There is variation in agreement on how to operationalise differentiation around equity considerations, but there tends to be wide agreement in the international climate community that:

All should move to net zero, but scope and timing may differ due to capacity, responsibility, and other factors.

GOVERNANCE

There are key governance considerations for setting net zero strategies. While actor-specific best practices may vary, it is of wide agreement in the climate community that strong governance towards net zero targets will include:

Formal, top-level commitment

● Interim targets

● Transparency through regular reporting and tracking

● Clear action plans with specific operational implications

Why do we need net zero?

We need to reach net zero emissions in order to achieve the ambition of the Paris Agreement. It states we must hold global average temperature increase to “well below 2°C above pre industrial levels and pursuing efforts to limit the temperature increase to 1.5°C”. The IPCC’s Special Report Global Warming of 1.5°C makes it clear that it is necessary to achieve a global balance between emissions and removals by 2050 in order to cap the rise in global temperatures below 1.5°C.

While the Paris Agreement sets a global objective, action to achieve that objective is driven at the national level. Each country is responsible for setting their own policies to achieve the common goal. The delivery of these policies will take place at the local level. All countries, cities and businesses need to develop plans as to how they intend to achieve net zero.

While there may be different approaches to achieving net zero, it is important that such plans follow a common set of principles.

What are the attributes for successful net zero?

The concept of net-zero carbon emissions has emerged from physical climate science. However, it is operationalized through social, political and economic systems. We identify seven attributes of net zero, which are important to make it a successful framework for climate action, using our recent paper in Nature Climate Change.

The seven attributes highlight the urgency of emission reductions, which need to be front-loaded, and of coverage of all emission sources, including currently difficult ones. The attributes emphasize the need for social and environmental integrity. This means carbon dioxide removals should be used cautiously and the use of carbon offsets should be regulated effectively. Net zero must be aligned with broader sustainable development objectives, which implies an equitable net-zero transition, socio-ecological sustainability and the pursuit of broad economic opportunities.

The 7 attributes

What is Net Zero? - Net Zero Climate (1)Front-loaded emission reductions

What is Net Zero? - Net Zero Climate (2)A comprehensive approach to emission reductions

What is Net Zero? - Net Zero Climate (3)Cautious use of carbon dioxide removal and storage

What is Net Zero? - Net Zero Climate (4)Effective regulation of carbon offsets

What is Net Zero? - Net Zero Climate (5)An equitable transition to net zero

What is Net Zero? - Net Zero Climate (6)Alignment with broader socio-ecological objectives

What is Net Zero? - Net Zero Climate (7)Pursuit of new economic opportunities

What is durable net zero?

Anthropogenic carbon flows can be mapped by considering the global spheres (lithosphere, atmosphere and biosphere). Currently, carbon flows between these are imbalanced. The Paris Agreementmarked the beginning of a shift towards net zero emissions, aimed at capping the rise in global temperatures below 1.5°C. Reaching net zero is characterised by the balancing of carbon flows into and out of the atmosphere, through the reduction of emissions and carbon removals.

The figure below depicts the human-induced carbon flows that take place between the lithosphere, atmosphere and land and ocean biosphere under a) our current situation wherein human-induced carbon flows into and out of the atmosphere are imbalanced and b) net zero, wherein human-induced into and out of the atmosphere are balanced, and temperatures stabilised temporarily.

Click here to enlarge the figure.

What is Net Zero? - Net Zero Climate (8)

Source: Allen, M., et al. (2022). Net zero: science, origins, and implications. Annual Review of Environment and Resources.

To stabilise global temperatures in the long-term, we need to go further than this, in achieving durable net zero. This builds upon the original concept of net zero (which considers carbon flows into and out of the atmosphere only), and requires net anthropogenic flows between the lithosphere, atmosphere and the land and ocean biosphere to equal zero. This will require further emission cuts and for carbon removals to be further scaled up. To be considered ‘durable,’ solutions need to be permanent – greenhouse gas removals must be prevented from returning to the atmosphere over time, for example through the destruction of forests or improper carbon storage.

The figure below depicts human-induced carbon flows between the lithosphere, atmosphere and land and ocean biosphere under the scenario of durable net zero, wherein human-induced carbon flows between each sphere are balanced and temperatures stabilised sustainably.

Click here to enlarge the figure.

What is Net Zero? - Net Zero Climate (9)

Source: Allen, M., et al. (2022). Net zero: science, origins, and implications. Annual Review of Environment and Resources.

What is Net Zero? - Net Zero Climate (2024)

FAQs

What is Net Zero? - Net Zero Climate? ›

Put simply, net zero means cutting carbon emissions to a small amount of residual emissions that can be absorbed and durably stored by nature and other carbon dioxide removal measures, leaving zero in the atmosphere.

What is net zero in simple terms? ›

Put simply, net zero refers to the balance between the amount of greenhouse gas (GHG) that's produced and the amount that's removed from the atmosphere. It can be achieved through a combination of emission reduction and emission removal.

What is the net zero solution to climate change? ›

Net zero refers to a state in which the greenhouse gases going into the atmosphere are balanced by removal out of the atmosphere. The term net zero is important because – for CO2 at least – this is the state at which global warming stops. The Paris Agreement underlines the need for net zero.

What is an example of a net zero? ›

We reach net zero when the amount of greenhouse gas we produce is no more than the amount taken away. Zero carbon concerns the emissions produced from a product or service – it means no carbon is given off at all. In the context of energy generation, one example would be a wind turbine creating electricity.

Is net zero good enough? ›

Sadly, net zero is nowhere near enough to save us from the impacts of climate change because it still leaves us with sharply elevated atmospheric CO2 levels, and does not fully account for the loss of Earth's refrigerator (the ice stored at our poles, in mountain glaciers and in permafrost), or for the release of CO2 ...

What is the net zero in brief? ›

Put simply, net zero means cutting carbon emissions to a small amount of residual emissions that can be absorbed and durably stored by nature and other carbon dioxide removal measures, leaving zero in the atmosphere.

Why is net zero not possible? ›

Net Zero isn't possible, because as a mathematical fact, civilizations produce waste. And, there is zero-waste, in this case, and in many others, which are produced by the Earth itself. This isn't meant to bore you with science.

Which country has achieved the target of net zero emissions already? ›

Guyana. Guyana is another tree-canopy-rich country, which sits on the northern coast of South America surrounded by Amazon rainforest. Having already achieved net zero emissions, the country is aiming for a further 70% cut in emissions by 2030.

What happens if we achieve net zero? ›

“We know that global warming will slow — but not cease — after zero emissions, but we don't know whether temperatures will continue to rise, albeit more slowly, remain stable for a long time, or begin to slowly decline,” Fox-Kemper said.

What is the difference between climate change and net zero? ›

This is in response to climate science showing that in order to halt climate change, carbon emissions have to stop – reducing them is not sufficient. 'Net zero' means that any emissions are balanced by absorbing an equivalent amount from the atmosphere.

What are the negatives of net zero? ›

Net-zero pledges can potentially worsen climate inequities. For example, wealthy countries, which include some of the largest historical polluters, are able to fund offset projects outside their borders while continuing to pollute at home.

What is the largest net zero building in the world? ›

1. The Unisphere (Maryland, US) The Unisphere, situated in Maryland, United States, boasts a stunning design featuring dramatic curves and a glass facade across its six stories, proudly asserting its status as the world's largest net-zero energy building.

Why is net zero so important? ›

The concept of net zero is important because it directly impacts the health of humans and the environment. Greenhouse gases stay in the atmosphere for a long time, so it is useful to have a universal term that references a solution.

What will climate change look like in 2050? ›

However, what will most notably change in the U.S. is that by 2050 – the country will all around be noticeably warmer. Summers will be unbearably longer and winters will be shorter, and while that sounds like a dream for those suffering from seasonal depression – it isn't good news for the United States as a whole.

Who benefits from net zero? ›

Becoming a net zero business may be attractive for investors and shareholders looking for companies with a long-term sustainable strategy. Investors may be attracted to smaller businesses that are less reliant on fossil fuels, as business operations are less likely to be disrupted in the event of supply problems.

Is 2050 too late for net zero? ›

This grim milestone has led some critics to say that reaching net-zero carbon dioxide emissions by 2050 is impossible. Doomsayers are even claiming that it is too late to stop climate change. Fortunately, science and economics show that these narratives are completely wrong.

What is another word for net zero? ›

According to the IPCC definition, “carbon neutrality” and “net-zero” are synonyms. Carbon neutrality is a generic term, scientifically valid when considered comprehensive, and on a global level: it corresponds to a worldwide equilibrium between anthropogenic emissions and anthropogenic absorption.

What does terms net 0 mean? ›

Also known as Payable on Receipt or NET 0, cash on delivery means that upon delivery of the goods or services, payment must be made. This can be useful if you're a new business looking to build trust in customers as it greatly benefits the customer.

How does zero net work? ›

ZeroNet is a decentralized web-like network of peer-to-peer users, created by Tamas Kocsis in 2015, programming for the network was based in Budapest, Hungary; is built in Python; and is fully open source. Instead of having an IP address, sites are identified by a public key (specifically a bitcoin address).

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