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Crucial race to NET ZERO

Understanding its importance and urgency

by Blitzindiamedia
June 17, 2024
in Opinion
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Abhishek Singh

THE planet is in peril, primarily due to the relentless rise in global temperatures driven by the unabated emission of greenhouse gases. Fossil fuels – coal, oil, and gas – remain the largest contributors to this crisis, accounting for over 75 per cent of global greenhouse gas emissions and nearly 90 pc of all carbon dioxide emissions. As these emissions accumulate, they trap more of the sun’s heat, leading to the phenomenon, widely known as global warming. The consequences of this process are dire, affecting every facet of life on earth, from altering weather patterns to threatening the survival of myriad species.

The last decade was the warmest on record, and as temperatures climb, the impacts become increasingly severe and widespread. Hotter temperatures lead to more frequent heatwaves, exacerbating health risks and intensifying natural disasters like wildfires and droughts. The rising heat also fuels more powerful and destructive storms, capable of devastating communities and economies in their wake. Moreover, a warming ocean expands and melts ice caps, causing sea levels to rise and threatening coastal and island communities.

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Getting the balance right

Lighthouse of hope

Amid these alarming trends, the concept of ‘net zero’ has emerged as a lighthouse of hope. Net zero refers to balancing the amount of greenhouse gases emitted with an equivalent amount removed from the atmosphere. In practice, this means drastically reducing emissions and enhancing natural carbon sinks like forests, which absorb CO2. Achieving net zero is crucial to limiting global temperature increases to 1.5°C above pre-industrial levels, a target set by the Paris Agreement to avoid the most catastrophic effects of climate change. Despite the clear science backing the need for this target, the world is not on track to achieve it.

The urgency to act has never been greater. Each fraction of a degree in temperature rise could lead to irreversible damage and widespread disaster. Therefore, reaching net zero by 2050 is imperative for sustaining life as we know it.

The challenge is monumental. It demands a comprehensive transformation of how we produce energy, manage land, and consume goods. The energy sector, responsible for the lion’s share of emissions, must pivot from fossil fuels to renewable sources, like wind and solar power.

Pledges not enough

Globally, there is a growing movement towards net zero. Over 140 countries, including major polluters like China, US, India, and the European Union, have committed to net-zero targets, covering about 88 per cent of global emissions. Furthermore, thousands of companies and institutions have joined the ‘Race to Zero’ campaign, pledging substantial emission cuts by 2030.

However, commitments alone are not enough. The proliferation of netzero pledges has led to a maze of varying standards and insufficient accountability measures. Recognising this, the UN Secretary-General established a High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities. Its task is to create clearer, more robust criteria for these commitments and to ensure they translate into real action.

Despite these efforts, the current pace and scale of action are inadequate. According to the latest assessments, if we continue on our current path, global emissions will see a significant rise by 2030, rather than the needed reduction. This gap between promises and actions must close. Countries, especially those contributing the most to pollution, need to revamp their climate plans, enforce stricter regulations, and implement these changes swiftly.

Sustainable economy

The transition to net zero is not just an environmental imperative but also a pathway to a more resilient and sustainable economy. It can stimulate innovation, create green jobs, and lead to health benefits globally by reducing air pollution. The journey to net zero offers a blueprint for a prosperous, sustainable future, but only if we act with the urgency and dedication that this critical moment demands.

In conclusion, the race to net zero is not just a policy goal but a global mission that calls for unified action from every sector of society. It is a race we cannot afford to lose, as our health, safety, and prosperity – indeed, the very survival of future generations – depend on its outcome

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