With the United Nations’ COP26 event in full swing, climate change and the term net-zero have become increasingly popular terms in global headlines. Building on this recent momentum, we thought it would be diligent to share some guidelines and best practices for how to create and structure net-zero targets. In the following blog post, we will outline what makes a good net-zero target to allow you to better understand and judge the commitments that governments around the world have been making before and during the COP proceedings:
Net-zero goals tie back to the crucial Paris Agreement of 2015. Of the 191 Parties that agreed to the Paris Agreement, a total of 131 countries have now adopted, announced or are considering net zero targets, covering about 73% of global emissions.
While net zero is a critical longer-term goal, steep emissions cuts – especially by the largest greenhouse-gas emitters – are imperative in the next 5 to 10 years in order to keep global warming to no more than 1.5 °C and maintain a livable climate for future generations.
The Climate Action Tracker has developed a method for evaluating government net zero targets: it is applicable only to net zero targets set by national governments, not other subnational or non-state actors, especially corporations, whose different emissions boundaries and, in many cases, reliance on creative accounting methods to claim net zero, warrant special attention.
Climate Change news has identified ten key elements to assess whether a net zero target’s scope, architecture, and transparency meet what is define as good practice. They are as follows:
With these ten key elements in mind, you should now be able to identify the good net-zero targets from the bad. We hope you found this article helpful and insightful, and we look forward to posting more COP26 and climate change related blog content in the near future.
After struggling through supply chain shortfalls, product shortages and cost increases due to the COVID pandemic, consumers and grid operators have yet another shortage to deal with this winter: natural gas.
Back on October 27th, the Ontario Sustainable Energy Association (OSEA) hosted the 11th Annual Green Energy Doors Open™ (GEDO) event. Edgecom Energy was honoured to be named the winner of the energy storage category and have the opportunity to present our innovative battery energy storage solutions with the rest of the talented winners from across Ontario.
In recent weeks, the term greenwashing has made international headlines with companies like Shell and BP coming under fire for false claims and advertising relating back to what has been called greenwashing. As this term becomes increasingly popular, it is crucial for consumers, employees, and employers to know what how to identify and avoid using greenwashing. In the following short blog post, we will give a quick overview of the topic: