Definition:
Achieving a balance between greenhouse gas emissions produced and emissions removed from the atmosphere.
Key Components:
- Carbon capture and storage (CCS)
- Renewable energy transition
- Energy efficiency improvements
Use Cases/Industries:
- National sustainability plans
- Corporate ESG (Environmental, Social, Governance) goals
- Industrial decarbonization strategies
Advantages:
- Helps mitigate climate change
- Drives innovation in sustainable technology
- Encourages responsible energy use
Challenges:
- Requires significant policy and financial support
- Technological limitations in heavy industries
- Long-term commitment and accountability
Related Terms:
Decarbonization, Emissions Reduction, Energy Transition
Example:
Many global corporations have pledged to achieve net-zero emissions by 2050 through clean energy investments.
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Synonyms:
Carbon Neutrality, Climate Neutrality, Zero-Carbon Economy
