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Milan will host the Pre-COP26 Summit
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In defence of net zero
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Carl von Clausewitz, 1780-1831
The backlash is underway. And it s coming from the unlikeliest of quarters.
For much of the past two years the global push to deliver net-zero emissions has enjoyed a remarkable golden run. National and state governments have rushed to announce long term net-zero emissions goals, to the point where around two-thirds of global GDP is covered by some form of target. Businesses and investors have followed suit, with over 2,100 of the world s largest corporates having set net-zero goals under the U.N.-backed Race to Zero campaign while asset managers and owners worth trillions of dollars have pledged to deliver net-zero emission portfolios by mid-century at the latest.
In defence of net zero
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Concerns about the efficacy of net zero targets are justified, but could condemnation of the concept from Greta Thunberg and others inadvertently serve to undermine efforts to decarbonise? The enemy of a good plan is the dream of a perfect one
Carl von Clausewitz, 1780-1831
The backlash is underway. And it s coming from the unlikeliest of quarters.
For much of the past two years the global push to deliver net zero emissions has enjoyed a remarkable golden run. National and state governments have rushed to announce long term net zero emissions goals, to the point where around two thirds of global GDP is now covered by some form of target. Businesses and investors have followed suit, with over 2,100 of the world s largest corporates having set net zero goals under the UN-backed Race to Zero campaign while asset managers and owners worth trillions of dollars have pledged to deliver net zero emission portfolios by mid-century at the latest.
This month, tech giant Apple announced the launch of a “first-of-its-kind” carbon removal program, the Restore Fund, to invest in forestry carbon sequestering projects while also generating a return for investors. The news was first reported on the industry news site Global AgInvesting. The $200 million fund, launched jointly with Conservation International, which has signed on as co-investor, and Goldman Sachs, which will manage it, will aim to remove at least 1 million metric tons of CO2 from the atmosphere each year (equivalent to fuel emissions from 200,000 passenger vehicles), while providing financial proof-of-concept for ongoing investment in global reforestation.
“Nature provides some of the best tools to remove carbon from the atmosphere. Forests, wetlands, and grasslands draw carbon from the atmosphere and store it away permanently in their soils, roots, and branches,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “Th
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