Nowadays more and more organisations and companies are pledging to become carbon neutral or have net zero ‘carbon emissions’ by the 2050 UK target, but what is the difference between net zero and carbon neutral? What are companies setting out to achieve?
Carbon neutrality refers to a plan of not increasing carbon emissions and achieving carbon reduction through offsetting (also called carbon credits). Essentially it means balancing greenhouse gas emissions emitted into the atmosphere by offsetting an equivalent amount of carbon for the amount produced. Carbon credits can be traded in carbon markets as a way to finance these carbon-reducing projects.
Carbon offsetting examples include supporting initiatives that remove greenhouse gas emissions from the atmosphere. By taking these steps, businesses can help reduce their impact on the environment and climate change. There are many benefits to being a carbon-neutral business. Firstly, it helps to protect the environment and combat climate change. Secondly, it can improve your brand image and make you more attractive to consumers and investors.
Net Zero Carbon Emissions
In contrast, net zero carbon means removing as much carbon as you emit and does not allow for the use of Offset Credits. Net zero refers to reducing your carbon footprint and greenhouse gas emissions with the goal of balancing the emissions produced and removed from the atmosphere. Achieving net zero carbon emissions is an important step toward mitigating climate change and ensuring a sustainable future for our planet.