The global goal appears to converge towards zero carbon. We last 18 months, the global divestment of fossil fuels has doubled with the commitment made by institutions and individuals that control almost US$ 6 trillions in assets.
From the analysis made by the agency Arabella Advisors, 688 institutions and 58.399 people in 76 countries have already committed to ceasing their investments in fossil fuels.
Furthermore, Global commitments by the public and private sectors further reinforce the call for a clean energy transition.
last November, Governments around the world signed the Paris climate agreement to try to control their emissions in pursuit of zero carbon. The agreement was ratified by 132 countries, among them Finland.
Although, some countries may reach their goal of becoming carbon neutral even sooner than the agreement estimates.
Towards zero carbon
This is the case in Finland, which according to its Minister of the Environment, Kimmo Tiilikainen, the government can meet the zero carbon emissions target in 2045, meaning that the country would have a quarter of a century to reach its goal after the specific measures of the Paris Agreement started in 2020.
“Nordic countries could develop their carbon neutrality together”,and “Sweden has a similar calendar”, says the minister.
to be specific, carbon neutrality does not mean zero emissions, but yes, reduce CO2 emissions so that they are absorbed by the country's abundant natural forests.
Sweden announced a new climate law, which must take effect until 1 of january 2018. The country is aiming for a reduction in 85% of the emissions of the levels of 1990 until 2045.
Any remaining pollution must be compensated by investing in green projects abroad. These actions already occur frequently, in partnerships signed by almost all Nordic countries with African countries, Latin America and the Caribbean. Applying the principles of the global carbon market.
The focus of Swedish policies will be the transport sector, giving subsidies to electric cars and biofuels.
“Sweden will be one of the first fossil-free developed countries in the world”, these Stefan Lofven, prime minister of the country.
Another country that has taken action against carbon emissions is Ireland, that just pass a law that will make the country the first to zero all its investments, direct and indirect, in fossil fuels. The move should quickly boost its market towards a carbon neutral future.
Content based on the original text of the ciclovivo.org