Is Net Zero Carbon Possible? - Beyond Procurement
Insights & Guides

Is Net Zero Carbon Possible?

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Climate change is becoming increasingly urgent as its impact become more apparent. One key way to mitigate climate change’s effects is to reduce greenhouse gas emissions, particularly carbon dioxide.

Net zero carbon emissions, a state where the amount of carbon dioxide released into the atmosphere equals the amount removed, has become a widely accepted goal in the fight against climate change. However, the question remains: Is it possible to achieve net zero carbon?

Challenges

Achieving net zero carbon is difficult, and several challenges must be overcome. Here are some of the challenges:

  • Cost

Reaching net zero carbon will require a significant investment, which can be challenging for businesses and governments. The cost of transitioning to green energy, improving energy efficiency, and implementing other measures to reduce carbon emissions can be prohibitive. According to the International Renewable Energy Agency (IREA), to achieve net zero carbon by 2050, the world must invest $130 trillion in clean energy, energy efficiency, and electrification.

  • Technical Challenges

The transition to renewable sources of energy presents several technical challenges. For instance, integrating renewable energy into the grid can be challenging, particularly when it comes to ensuring grid stability and balancing supply and demand. Similarly, storing energy when renewable sources are unavailable remains a significant challenge.

  • Behavioural Change

Achieving net zero carbon will also require a significant shift in behaviour. Individuals, businesses, and governments must change their habits and consciously reduce their carbon footprint. This can be challenging, as it requires changing long-established practices and habits.

  • Policy

Government policies are critical in facilitating the transition to a net-zero carbon future. However, political and economic factors can make developing and implementing effective policies challenging. Governments may also struggle to balance the need for rapid decarbonisation with other policy goals, such as economic growth.

Possibilities

Despite these challenges, there are several reasons to be optimistic about achieving net zero carbon. Here are some of the possibilities:

  • Technological Advancements

Advances in renewable energy, such as wind and solar power, have made them more efficient and cost-effective. This has led to a significant increase in renewable energy capacity globally, making it easier to transition away from fossil fuels.

Furthermore, developing new technologies, such as energy storage solutions and carbon capture, utilization, and storage (CCUS) technologies, can help overcome some of the technical challenges associated with renewable energy.

  • Awareness

The growing awareness of the ramifications of climate change has led to increased pressure on businesses and governments to take action. This has resulted in more funding for renewable energy and other measures to decrease carbon emissions.

In addition, initiatives such as the Science-Based Targets initiative (SBTi) encourage businesses to set targets to reduce their carbon emissions in line with the Paris Agreement’s goal of limiting global warming to below 2 degrees Celsius.

  • Business Carbon Calculator and Carbon Consultancy

Businesses can use tools such as business carbon calculators and carbon consultancies to help them understand their carbon footprint and develop strategies to reduce it. This can help them make more informed decisions about their operations and investments. Carbon consultancy firms can also provide expert advice on reducing carbon emissions, as well as helping businesses to develop and implement sustainability strategies.

  • Government Policies

Government policies can play a significant role in facilitating the transition to a net-zero carbon future. For example, policies incentivising renewable energy and energy efficiency and penalties for high carbon emissions can encourage businesses to reduce their carbon footprint. Government policies can also support the development of new technologies and infrastructure to support the transition to a low-carbon economy.

Achieving net zero carbon is not easy, but it is possible. It will require significant investment, technological advancements, and behavioural change, but the benefits of doing so are clear. By reducing our carbon footprint, we can mitigate the impacts of changes in climatic conditions and create an eco-friendlier future for ourselves and future generations.

Parting Thoughts

To achieve net zero carbon, businesses and governments must work together to overcome the challenges associated with the transition. This includes investing in renewable energy and energy efficiency, developing new technologies to support the transition, and implementing policies to incentivize low-carbon practices.

Furthermore, businesses must take responsibility for their carbon emissions and take steps to reduce them. This includes setting science-based targets to reduce emissions, using business carbon calculators to understand their carbon footprint, and working with carbon consultancy firms to develop and implement sustainability strategies.

Finally, individuals can also play a role in reducing their carbon footprint. This can be achieved by reducing energy consumption at home, using public transport or cycling instead of driving, and reducing meat consumption.

Achieving net zero carbon is a complex challenge but achievable with the right investment, policies, and actions. The benefits of doing so are clear in mitigating the impacts of change in climatic conditions and creating a more sustainable and prosperous future for all.

Beyond Procurement is a leading name for offering carbon solutions for businesses that want to reduce their carbon footprint and related costs. The professionals are committed to proving that being carbon neutral does not come at a higher cost to the environment. Get your appointment with the experts and contribute to making the environment sustainable.