Climate change is becoming increasingly hard to ignore. With the global temperature rising, governments and businesses around the world are shifting their focus to sustainability. Two concepts that are being discussed frequently are carbon neutrality and net zero. But what do these terms actually mean?
At its most basic level, carbon neutrality refers to a company or organization taking measures to offset the amount of carbon emissions they produce by investing in carbon-offsetting projects like reforestation, or creating new technologies that help reduce the amount of carbon dioxide released into the atmosphere.
Net zero goes beyond carbon neutrality by aiming for a complete balance between emissions produced and emissions removed from the atmosphere by the organisation themselves. In order to achieve this balance, companies must not only reduce their own direct greenhouse gas emissions but also find ways to capture or remove the balance, without the use of third party voluntary carbon credits.
This could include anything from switching from fossil fuels to renewable energy sources like solar or wind.
Carbon neutrality and net zero may seem similar at first glance, but there are key differences between them. Carbon neutrality is focused cancelling out a company’s own emissions through the use of carbon credits (offsets) while net zero takes it a step further by aiming for a complete balance between those emissions being produced and those being captures or removed. So if you’re looking for ways to make your operations more sustainable, it’s important to understand the nuances between these two strategies so you can choose the best option for your business.