Climate Change Mitigation

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Definition

An economic activity shall be considered to contribute substantially to climate change mitigation where that activity substantially contributes to the stabilization of greenhouse gas concentrations in the atmosphere at a level which prevents dangerous anthropogenic interference with the climate system by avoiding or reducing greenhouse gas emissions or enhancing greenhouse gas removals.[1]

In EU legislative context climate change mitigation means the process of reducing GHG emissions and holding the increase in the global average temperature to well below 2 °C and pursuing efforts to limit it to 1,5 °C above pre-industrial levels, as laid down in the Paris Agreement. (based on the Regulation (EU) 2020/852)

Mitigation Pathways

Climate change mitigation may be achieved through any of the following means, including through process or product innovation:

  1. generating, storing or using renewable energy or climate-neutral energy (including carbon-neutral energy), including through using innovative technology with a potential for significant future savings or through necessary reinforcement of the grid;
  2. improving energy efficiency;
  3. increasing clean or climate-neutral mobility;
  4. switching to use of renewable materials;
  5. increasing carbon capture and storage use;
  6. phasing out anthropogenic emissions of greenhouse gases, including from fossil fuels;
  7. establishing energy infrastructure required for enabling decarbonisation of energy systems;
  8. producing clean and efficient fuels from renewable or carbon-neutral sources.

GHG Migitation Targets and Goals

The setting and tracking of climate change migitation targets and goals is the subject of formal standards, e.g. the GHG Protocol Mitigation Goal Standard.

See Also

References

  1. Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019