Carbon credit under net zero center

All you need to know about net zero emissions

The idea of net zero emissions has gotten much traction among global climate negotiators over the last year. Some agreement on it is expected at the UN Climate Change Conference in Glasgow in November. All major economies have announced net-zero targets. Here is all you need to know about the concept and what it means for India:

What is net zero?

It is primarily carbon neutrality. It means the aggregate carbon emissions of a country should be zero on a given date. If a country emits a certain amount of carbon every year, it must offset it through forest absorption or carbon capturing or buying carbon credits. In a way, a country can achieve negative emissions, if removal and absorption exceed the actual emissions. Bhutan and Suriname are the only two countries in the world whose net emissions are less than carbon absorption capability because of their green cover and tiny population.

 

What is the net zero campaign about?

An aggressive campaign has been going on for the past two years for every country to assign a net zero target year. The argument is that net zero is mandatory to achieve the Paris Climate Agreement target of not allowing the planet’s temperature to rise beyond two degrees Celsius by the turn of the century. The concept got a fillip with Joe Biden’s

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