Toward decarbonization:


the energy

transition framework

CONTEXT

There is an emergency in progress.

The climatic upheaval stemming from the unnatural rise global temperature brings with it unignorable consequences that are cause for concern for governments and for citizens the world over: from the macroscopic repercussions at the environmental damage level and extreme weather phenomena of unpredictable magnitude, to social repercussions such as the hardships local and indigenous communities find themselves enduring on account of both the consequences (climate change) as well as the causes themselves (deforestation).

Between Paris and Glasgow.

In November 2021, COP21, the United Nations conference on climate change was held in Glasgow.
 More than 190 world leaders, government representatives, businesses and citizens gathered to finalize the adoption of measures to contain and, if possible, reverse the process of global warming and the resulting climate change.
 The conference closes the circle opened with the summit held in Paris in 2015, where for the first time all countries agreed to work together to limit global temperature increase to below two degrees. In Glasgow, new, more concretely achievable objectives were identified, which must guide the collective approach to issues related to climate and environmental safeguarding, with the keeping of the global warming within the limit of 1.5 degrees being chief amongst them
. Concrete undertaking by all representatives, large and small, of the planet's governments has given rise to the Glasgow Pact.

Decarbonization objective.

For the coming decades, the goal is gradual but irrevocable decarbonization. A 45% cut in carbon dioxide emissions compared to 2010, to be implemented by 2030, goes alongside the goal of achieving net zero emissions by around the middle of the century.
 Among the energy sources the European Union has decided to invest in are offshore wind and renewable hydrogen, essential to decarbonizing those sectors most dependent on fossil fuels.

Goal: "Net Zero"
for companies.

The Net Zero Standard (= net zero, as far as carbon emissions and therefore climate neutrality) must be the top priority for companies. The Net Zero standard covers the entire value chain, including emissions generated by the relevant production process itself, as well as those stemming from purchased heat and electricity and those generated by suppliers and end users.
The achievement of such a goal, more specifically achieving net zero according to the standard, will require significant decarbonization. Companies adopting the Net Zero standard are required to set science-based targets for both short term (2030) and long term (2050).