Name
Net Zero Matrix
Description
Anthropogenic Greenhouse Gas (GHG) emissions into the atmosphere derive from a complex interlinking of human activities. Once in relative balance after the end of the last Ice Age some 25,000 years ago, GHG concentrations have increased exponentially from the start of the Industrial Revolution, and are now higher than at any time since the Pliocene Period about 4 million years ago.
Not only must this ever-continuing increase now be rapidly slowed, but it must also now in accordance with the universal acceptance of the Paris Agreement be reversed to a new relative balance that is termed ‘Net Zero’, at which further remaining emissions are offset by corresponding removals of GHG by nature-based or technological solutions.
Rising to this challenge, most large companies, including all of those in our Energy Sector, have now set their own ambitious and largely voluntary Net Zero Targets, and are reporting their progress against those Targets on a yearly basis.
According to the Intergovernmental Panel on Climate Change, the total Carbon Budget related to an assumed warming of the atmosphere of 1.5 Degrees Centigrade from the start of the Industrial Revolution is 2,890 billion tons of carbon dioxide. By the year 2019, some 2,390 billion tons of this budget had already been emitted. Since then, about 40 billion tons have been emitted each year, leaving less than 400 billion tons in the remaining carbon budget.
At the current rate, with no significant reduction of emissions, the remaining carbon budget will be consumed entirely within 10 years, and further emissions will lead to an incessant increase in global temperatures towards 2 Degrees Centigrade, and then far beyond.
Since an overshoot of the remaining Carbon budget is all but certain, extra ‘removals’ of GHGs from the atmosphere will become vital. Those removals will also need to be measured, reported, and validated.
We all need Energy, and many people on Earth still have little or none. They cannot be deprived of the Right to Energy, and neither can developed nations simply stop needing it. Renewable power generation is increasing, and there is a transition to cleaner energy happening, but demand for fossil fuels will continue for decades to come.
In order to mitigate emissions caused by the continued consumption of fossil fuels, our Energy Industry has a vital extra role to play, not only through reductions in their absolute Scope Emissions, but also as the leaders of the rapidly emerging industry of carbon capture, utilization and storage.
Today there are a multitude of organizations helping companies to set Net Zero targets, and others who provide a framework for reporting, but the majority of data is still only publicly available through yearly financial and ESG reports, which are accessible through their websites. There exists no common platform for the accumulation of such information, from which detailed analysis can be made.
Net Zero Matrix have designed and built a unique consolidated Carbon Register for the direct reporting of Scope Emissions, and Removals, and through Blockchain Validation are bringing Trust and Transparency to the Reporting Process
Not only must this ever-continuing increase now be rapidly slowed, but it must also now in accordance with the universal acceptance of the Paris Agreement be reversed to a new relative balance that is termed ‘Net Zero’, at which further remaining emissions are offset by corresponding removals of GHG by nature-based or technological solutions.
Rising to this challenge, most large companies, including all of those in our Energy Sector, have now set their own ambitious and largely voluntary Net Zero Targets, and are reporting their progress against those Targets on a yearly basis.
According to the Intergovernmental Panel on Climate Change, the total Carbon Budget related to an assumed warming of the atmosphere of 1.5 Degrees Centigrade from the start of the Industrial Revolution is 2,890 billion tons of carbon dioxide. By the year 2019, some 2,390 billion tons of this budget had already been emitted. Since then, about 40 billion tons have been emitted each year, leaving less than 400 billion tons in the remaining carbon budget.
At the current rate, with no significant reduction of emissions, the remaining carbon budget will be consumed entirely within 10 years, and further emissions will lead to an incessant increase in global temperatures towards 2 Degrees Centigrade, and then far beyond.
Since an overshoot of the remaining Carbon budget is all but certain, extra ‘removals’ of GHGs from the atmosphere will become vital. Those removals will also need to be measured, reported, and validated.
We all need Energy, and many people on Earth still have little or none. They cannot be deprived of the Right to Energy, and neither can developed nations simply stop needing it. Renewable power generation is increasing, and there is a transition to cleaner energy happening, but demand for fossil fuels will continue for decades to come.
In order to mitigate emissions caused by the continued consumption of fossil fuels, our Energy Industry has a vital extra role to play, not only through reductions in their absolute Scope Emissions, but also as the leaders of the rapidly emerging industry of carbon capture, utilization and storage.
Today there are a multitude of organizations helping companies to set Net Zero targets, and others who provide a framework for reporting, but the majority of data is still only publicly available through yearly financial and ESG reports, which are accessible through their websites. There exists no common platform for the accumulation of such information, from which detailed analysis can be made.
Net Zero Matrix have designed and built a unique consolidated Carbon Register for the direct reporting of Scope Emissions, and Removals, and through Blockchain Validation are bringing Trust and Transparency to the Reporting Process
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