Decarbonization

From Open Risk Manual

Definition

Decarbonization means reducing the amount of greenhouse gas emissions that a society produces, as well as increasing the amount that is being absorbed. [1]

Decarbonization entails changing many, if not all, aspects of the economy, from how energy is generated, to how goods and services are produced and delivered, to how buildings are built and how lands are managed.

To meet the goals of the Paris Agreement and keep the 1.5° target alive, governments and businesses must rapidly decarbonize by 2030. Meaningful decarbonization requires substantial investments in low-carbon infrastructure and transportation, renewable energy sources, circular economy and resource efficiency, and land and soil restoration. It also requires a rethinking of current economic models that are focused on growth at all costs.

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