Carbon neutrality, a new desirable future for our planet
Carbon neutrality is explicitly mentioned in the Paris Climate Agreement as an imperative target to be reached in the second half of the 21st century. It is defined at a global scale as a balance between anthropogenic emissions sources and greenhouse gas sinks. The likelihood of experiencing catastrophic weather events and extremely costly transition risks is only increased as we push the deadline of reaching zero global net emissions to later on in the century.
Translating this concept for organizations
Since COP21, the private sector is progressively acknowledging its responsibility in regard to climate change and has started to take action. As a major climate priority, this concept of zero net emissions is already being widely used in the private sector. Some companies have already announced a neutrality target, some of them even declared having already reached it.
Yet, this notion of “corporate neutrality” has never been clearly defined. Concepts of commitment scope, deadline, emission reduction targets, or the use of carbon offsetting still lack harmonized guidance. Yet, the very definition of carbon neutrality is of major importance, as it impacts the nature of the path to achieve it. It is then urgent to properly define this concept in order to unlock harmonized, ambitious and efficient climate action from the private sector.
Net Zero Initiative, for a challenging corporate carbon neutrality
Net Zero Initiative is a space for innovation and actions for a challenging, credible and ethical carbon neutrality. Created by the French consulting firm Carbone 4, it gathers companies of various sizes and sectors willing to pursue consistent climate goals related to neutrality.
Its first objective is to imagine the best possible framework and methodology for defining and encouraging corporate carbon neutrality, along with corporate partners and an independent scientific council. This methodology is willing to become a shared framework, that would be:
- Challenging, because promoting the priority to reduction over offsetting
- Robust, because validated by a high-level scientific committee composed of 12 experts
- Credible, because co-constructed with our partner companies
The first results of this work will be shared during the COP24 in Katowice, in December 2018.
As of September 2018, contributors of the Net Zero Initiative are: