NET ZERO
is a state where the greenhouse gases (GHG) emitted into the atmosphere are balanced by removal out of the atmosphere, hence bringing the emission sum to zero.
HOW IT STARTED?
Global temperatures are on track to increase by as much as 2.7°C by 2100 based on the current situation model, which could render parts of the planet uninhabitable.
In the Paris Agreement of 2015, global governments recognised that warming of the earth must be limited to well below 2°C increase and ideally not more than 1.5°C above pre-industrial levels.
In order to limit this global warming, a significant reduction of greenhouse gas emissions will be required within a set period.
WHERE IT’S HEADING?
In comes the concept of net zero. By ensuring that the amount of greenhouse gas emissions being released into the atmosphere can be balanced with the amount being removed from it, we can significantly reduce the amount of harmful emissions that contribute to global warming.
The 2021 Glasgow Climate Pact, forged at the COP26 climate change conference, recognized that reaching net zero emissions by 2050 is essential and the key to keeping temperatures to 1.5°C of warming, and all countries involved pledged to pursue this limit.
THE CURRENT SITUATION: BUSINESS MATTERS
Reaching net zero emissions does not stop at pledging. To move towards a more sustainable, climate-resilient future, real actions that actualize the pledge must be taken starting from now.
This means that companies need to start gearing up and set their own targets and pathways voluntarily, even –especially –when nationally-determined targets (Compliance) are yet to have a set plan for their industry. The global ecosystem is shifting towards Net Zero, and national business will need to adapt in order to sustain and survive in international business ground.
KADIN Net Zero Hub encourages companies from all sectors and of all company sizes in Indonesia to join the movement and commit to setting an emission reduction pathway across its value chain that is measurable, transparent and science-based.