BONN, Germany: A growing number of companies are pledging to cut their greenhouse gas emissions to"net zero" as part of global efforts to tackle climate change, but that goal is rarely supported by a credible plan, according to a report published on Monday .
“You can see cities talking about net zero, companies talking about net zero. And if you go to supermarkets, you see climate-neutral or carbon-neutral products,” Takeshi Kuramochi, one of the report’s authors, said. “But then you don’t know what exactly they mean and whether they’re really contributing to this transition to global net-zero emissions.”
Less than 5 per cent of the companies examined passed the test, said Kuramochi, a senior climate policy researcher at the Germany-based NewClimate Institute. Greenpeace climate activists stage a protest at a Shell refinery in Rotterdam, Netherlands, Monday, Oct 4, 2021. “If they are to commit to more robust and transparent targets, that would be better than outright greenwashing in the name of net zero,” Kuramochi said.
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Fossil fuel company net zero plans ‘largely meaningless’: ReportMost targets do not fully cover or lack transparency on Scope 3 emissions, the biggest source of fossil fuel company emissions. Read more at straitstimes.com.
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