Climate Change Mitigation
From Open Risk Manual
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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]
Climate change mitigation may be achieved through any of the following means, including through process or product innovation:
- 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;
- improving energy efficiency;
- increasing clean or climate-neutral mobility;
- switching to use of renewable materials;
- increasing carbon capture and storage use;
- phasing out anthropogenic emissions of greenhouse gases, including from fossil fuels;
- establishing energy infrastructure required for enabling decarbonisation of energy systems;
- producing clean and efficient fuels from renewable or carbon-neutral sources.
See Also
References
- ↑ Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019