‘Net Zero’ Carbon Targets:
Independent charitable organisation Oxfam has said that ‘net zero’ carbon targets that many countries have announced may be a “dangerous distraction” from the priority of cutting carbon emissions.
- “Land-hungry ‘net zero’ schemes could force an 80 per cent rise in global food prices and more hunger while allowing rich nations and corporates to continue “dirty business-as-usual,” Oxfam has said in a new report titled “Tightening the Net”.
- The report says that if the challenge of change is tackled only by way of planting more trees, then about 1.6 billion hectares of new forests would be required to remove the world’s excess carbon emissions by the year 2050.
- Net-zero, which is also referred to as carbon-neutrality, does not mean that a country would bring down its emissions to zero.
- That would be gross-zero, which means reaching a state where there are no emissions at all, a scenario hard to comprehend.
- Therefore, net-zero is a state in which a country’s emissions are compensated by absorption and removal of greenhouse gases from the atmosphere.
- One way by which carbon can be absorbed is by creating carbon sinks.