IGEM 2022 – Race Towards Net Zero :

Fulfilling SDG and ESG Commitments

Way back in 2015, the historic Paris Agreement was adopted by 196 countries. They pledged to reduce global warming and build resilience to climate change. Limiting global warming to no more than 1.5°C is the ultimate goal thus triggering the Race Towards Net Zero.

Net zero refers to lowering the greenhouse gas (GHG) emissions to as close to zero as possible. The atmosphere including the oceans and forests is anticipated to handle the task of re-absorbing the remaining emissions.

The Earth is already about 1.1°C warmer at present than it was in the late 1800s, and emissions continue to rise. To keep global warming to no more than 1.5°C, the Paris Agreement stipulates that emissions need to be reduced by 45% by 2030 and reach net zero by 2050. Many governments and businesses have set a goal of achieving net-zero emissions by 2050.

The energy sector is the source of around three-quarters of GHG emissions today and holds the key to averting the worst effects of climate change. Replacing polluting coal, gas and oil-fired power with energy from renewable sources, such as wind or solar, would dramatically reduce carbon emissions.