New ‘race to zero’ target

New ‘race to zero’ target

The UN’s Climate Ambition Alliance (CAA) has launched a worldwide campaign to achieve net zero greenhouse gas emissions by 2050.

The news was broadcast on a global webinar and it intends to coordinate countries commitments by establishing a best practice criteria. It will also allow them to compare themselves to other countries which will act as an aid in achieving their ultimate goal.

Currently, the CAA includes:

• 120 nations
• 996 businesses
• 458 cities
• 24 regions
• 505 universities
• 36 investment groups

All involved have committed to achieving zero net greenhouse gas emissions by 2050.

It is estimated that the countries involved cover around 25% of global carbon dioxide emissions and over 50% of GDP.

In an online speech, COP26 President and Secretary for Business, Energy and Industrial Strategy, Alok Sharma said:

“By working together we can absolutely make progress much faster.”

Source: Future Net Zero