Notes: a lot of bits and pieces, plus thinnovation
The 2022 edition of the Corporate Climate Responsibility Monitor came out from the New Climate Institute. It sheds light on the differences between well-publicised pledges of 'net zero' from 25 very large companies (which comprise maybe 5% of global emissions). Thanks to Chris Adams for sharing! We found that the headline pledges of 25 of the world’s largest companies in reality only commit to reduce emissions by 40% on average, not 100% as suggested by the terms “net-zero” and “carbon neutral”. ... The signal sent by the reference to “zero” is a helpful concept, but the “net” can be problematic. Global emissions need to be reduced to net-zero, so companies need to think about how they can completely eliminate their greenhouse gas emissions. Here the concept of “zero” is helpful because it changes the mindset from “marginal reductions and optimisations here and there” to a “full transformation”. The “net” is not helpful if companies start creative accounting just to de