Why reaching carbon neutrality
The Paris Agreement, an international framework that addresses climate change, has been enforced since 2020. It aims to achieve net zero greenhouse gas emissions in the second half of this century. The Intergovernmental Panel on Climate Change (IPCC), established by UNEP and WMO, issued an IPCC Special Report on the Impacts of Global Warming of 1.5°C. According to this report, in order to accomplish the 1.5 °C target (a goal to strive for), it is necessary to achieve carbon neutrality by around 2050. Meanwhile, a number of countries make up their targets, leading to the global move toward “carbon neutrality by 2050”.
A green commitment is now becoming an intrinsic aspect of business strategy for corporations and industries. In the Global Carbon Disclosure Project Database, which collects information for investors, an increasing number of corporations are presenting statistics on their carbon impact. Customers are becoming increasingly concerned about the impact of these corporations’ products on the climate and environment. The achievement of carbon neutrality reflects a company’s sense of social responsibility as well as the requirements of sustainable development.
IIoT technology can easily help enterprises track energy consumption, lighting, generate renewable energy on-site and eliminate waste sustainably. Industrial blockchain technology plays a key role in carbon trading and carbon footprint tracing. ROOTCLOUD offers a carbon neutral solution that seamlessly combines IIoT technology with industrial blockchain technology.