Context: Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan.
Net-Zero Target
- About: It refers to achieving carbon neutrality, where a country's greenhouse gas emissions are balanced by absorption and removal from the atmosphere.
- Carbon Neutrality Clarification: Net-zero does not mean complete elimination of emissions but rather achieving a balance with offsetting measures.
- Methods of Achieving Net Zero: Increasing carbon sinks like forests to enhance natural absorption.
oDeveloping advanced technologies like carbon capture and storage for direct removal of greenhouse gases.
- Global Commitments: Over 70 countries have pledged to reach net-zero emissions by 2050 to combat climate change.
oEarly Adopters: Countries like the UK, Germany, France, Sweden, and New Zealand have committed to ambitious net-zero targets aligned with the Paris Agreement.
oGlobal Examples: Bhutan and Suriname are already carbon-negative due to their significant carbon absorption capabilities from forests and natural ecosystems.
- India's Target: India aims to achieve net-zero emissions by 2070, as announced at the COP-26 summit.
- Scope: Targets can refer to overall greenhouse gases or specifically to CO2 emissions, depending on national strategies and agreements like the UK Climate Change Act.
Negative Emissions
- Nature-Based Solutions: Natural methods include reforestation and afforestation to increase CO2 absorption through plant growth.
- Technological Solutions: Advanced technologies such as bioenergy with carbon capture and storage (BECCS) and direct air capture are engineered to remove CO2 from the atmosphere.