NET ZERO MEDIA
Is an end-to-end modular solution
OUR STORY
7 facts that explain Net Zero Media and the problem we solve…
FACT 1 :
Unprecedented and rising levels of CO2 emissions has created a climate crisis.
CO2 EMISSION
36B tonnes of CO2 were emitted in 2019 . the highest in the history of the planet.
PEAKING
EMISSIONS
In 2021, emissions are projected to exceed 2019 levels.
RISE IN LEVELS
In 2020, Covid-19 saw a reduction to 34B tonnes, which has already returned to pre Covid levels.
DEVASTATING IMPACTS
While growth in CO2 emissions is slowing , levels are yet to peak.CO2 emissions are accelerating climate change, with numerous and devastating implications.
FACT 2 :
The effect of climate change is dramatic and impacts all living things
FACT 3 :
Energy used by industry is the single largest contributor to global CO2 emissions
Agriculture, forestry and land use represent 18.4% of global CO2 emissions.
Energy use in buildings represent 17.5% of global CO2 emissions.
Transport represents 16.2% of global CO2 emissions
Energy use in industry is the single largest sector and represents 24.2% of global GHC emissions.
FACT 4 :
The world is responding…
PARIS CLIMATE AGREEMENT
COMMITMENT
197 countries committed to reducing emissions via the 2015 Paris Climate Agreement.
TARGET
The Paris Agreement establishes a target of limiting temperature increase to 1.5C.
NET ZERO OBJECTIVE
To reach the +1.5C target, a 45% reduction in global emissions is required by 2030, and a net zero objective by 2050.
PLANS
Only 75 of 197 governments have submitted plans for how they will reduce emissions between now and 2030.
Ambition Mechanism in the Paris Agreement
FACT 5 :
Investors and industry are leading the way…
LEADERSHIP POSITIONS
While a small number of governments have announced ambitious targets, investors, business and industry is taking a leadership position.
NET ZERO TARGETS
In 2021, emissions are projected to exceed 2019 levels.
SUSTAINABLE INVESTMENTS
In 2020, Covid-19 saw a reduction to 34B tonnes, which has already returned to pre Covid levels.
NET ZERO COMMITMENTS
While growth in CO2 emissions is slowing , levels are yet to peak.
CO2 emissions are accelerating climate change, with numerous and devastating implications.
# 1
In 2019 Ireland became the world’s first country to divest all fossil fuels from its national investment funds
$ 30 TN
Estimated global value of sustainable investments that are professionally managed
34%
Increase in ESG focused investments in last two years
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FACT 6 :
A global framework to categorise, measure and manage emissions has been established
- The GHG (Greenhouse Gas) Protocol is an international standard used by corporation around the world to classify and measure their emissions.
- It has existed since the 1990's and was created WRI (World Resources Institute ) and WBCSD ( World Business Council for Sustainable Development).
Scope 1 – Emissions from sources that are directly owned or controlled by the company.
The GHG Protocola Categorises all emissions into three area, or ‘Scopes’.
Scope 2 – Emission that are indirect (includes emissions that result from the generation of electricity, heat or steam purchased by the company from a utility provider).
Scope 3- Emissions that are from sources not owned or directly controlled but related to company activities (i.e; all indirect emissions that do not fall into Scope 2).
The GHG Protocola Categorises all emissions into three area, or ‘Scopes’.
Scope 1 – Emissions from sources that are directly owned or controlled by the company.
Scope 2 – Emission that are indirect (includes emissions that result from the generation of electricity, heat or steam purchased by the company from a utility provider).
Scope 3- Emissions that are from sources not owned or directly controlled but related to company activities (i.e; all indirect emissions that do not fall into Scope 2).
FACT 7 :
Scope 3 emissions are the largest and most difficult emissions category to quantify
- Most companies focus on Scope 1 and 2 emissions only
Excluding Scope 3 emissions is problematic
- Between 1995 and 2015, Scope 1, 2, & 3 global emissions grew by 47%. 78%, 84%, to 32. 10 and 45 Pg CO2. respectively. Meaning that by 2015 Scope 3 emissions already represented 45 billion tonnes of CO2 (52% of total CO2 emissions ), and were growing at a faster rate than Scope 1 & 2.
- By 2019, CDP Global estimated a company's Scope 3 supply chain emissions were on average x 5.5 larger than its Scope 1 & 2 emissions.
- In 2020, EPA announced that Scope 3 emissions constitute the majority of total emissions.
What does this mean?
- Focusing on Scope 1 & 2 emissions alone can distort a company's GHG estimates, as Scope 3 emissions usually constitute a majority of their total emissions.
- Lack of knowledge of Scope 3 emissions inhibits a company's ability to pursue the most cost- effective carbon mitigation strategies.
- Companies limit their ability to achieve meaningful emission reductions without being able to measure and manage Scope 3.
- Companies can't achieve net zero without incorporating Scope 3 emissions.