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G7 Commits To Net Zero Emissions By 2050

G7 Commits To Net Zero Emissions By 2050:

The leaders of the G7 have recently kept their word to reach net-zero emissions by 2050.

  • The government of Albanese has put forward a plan to create a Net Zero Economy Authority in order to encourage more investment in green technologies.
  • Following the 2021 United Nations Climate Change Conference (COP26) in Glasgow, which tried to keep global warming below 1.5°C as required by the Paris Agreement, there has been a rise in net zero commitments.

Net Zero Emissions:

  • Net zero means balancing the amount of greenhouse gases released with the same amount stored or offset so that the temperature has no effect at all.
  • This idea came about when people realized that cutting down on emissions alone is not enough to stop climate change.