As we know, in 2015, during the United Nations Climate Change Conference held in the city of Paris. The European Union committed to addressing its efforts on achieving carbon neutrality by 2050.
Since then, information related to climate change has become more visible to raise global awareness.
Consequently, governments and companies have incorporated new actions and strategic plans to join the goal of moving towards carbon neutrality.
What is the plan to achieve this goal?
First of all, the main problem causing climate change must be identified, i.e. the emission of greenhouse gases caused by human beings. Consequently, our main objective will be to reduce the amount of emissions and to offset those that we cannot avoid.
We must understand that carbon neutrality is achieved when the same amount of carbon dioxide (CO2) emitted into the atmosphere is offset for by various mechanisms, this is also known as a zero carbon footprint.
Secondly, we must define a margin for action, in this case, and, as established by the Intergovernmental Panel on Climate Change (IPCC), it should be measured in degrees Celsius, specifically, its is crucial that we prevent the Earth’s temperature from rising above 1.5ºC.
There are two main ways to achieve this goal. The healthiest is not to emit more CO2 than can be absorbed by the main natural carbon sinks such as the soil, forests and oceans, which remove between 9.5 and 11 Gt of CO2 per year, according to experts.
On the other hand, we can also prevent CO2 from reaching the atmosphere through carbon capture and storage, for example in geological formations or in the deep sea, which is called “carbon sequestration” which are long-term storage techniques. This is a temporary solution that is still costly.
Emissions can also be reduced and progress made towards carbon neutrality through “carbon offsetting”, the most widespread and widely used method, which involves balancing emissions in a given sector by reducing CO2 elsewhere through one or more projects. This can be achieved through investments in renewable energy, energy efficiency and other clean technologies.
There is a large number of sustainable projects in the world that generate a real positive impact on our planet and for bureaucratic reasons or lack of capital are placed outside the carbon market. At Climatetrade, we wish to give this projects space on our platform, fostering a wide range of potential and true positive projects that will really make a difference in this goal of achieving global carbon neutrality.