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Net-Zero or Negative Carbon: Why Should Everyone Know What’s Happening at WEF 2020?

Read the latest Zero-Carbon updates from WEF 2020

In the last 18 months, you must have come across terms such as “Mission Zero Carbon” and Negative Carbon” footprint many times. Every company, irrespective of the product they make or the market they cater to, are beginning to understand the need to cut down their carbon footprint. During the ongoing conclave at the World Economic Forum 2020, we heard spokesperson from leading IT and Cloud companies share their vision about their zero-carbon mission.

According to a recent report, reaching net-zero carbon emissions from heavy industry and heavy-duty transport sectors is technically and financially possible by mid-century – 2050 in developed countries and 2060 in developing countries.

Microsoft took the lead at the event, alongside others also acknowledging why Zero-carbon is the need of the hour.

Here are top  Zero-Carbon updates from WEF 2020.

Microsoft’s Carbon Negative Roadmap is Ready

Microsoft Corp. on Thursday announced an ambitious goal and a new plan to reduce and ultimately remove its carbon footprint.

By 2030 Microsoft will be carbon negative, and by 2050 Microsoft will remove from the environment all the carbon the company has emitted either directly or by electrical consumption since it was founded in 1975.

It also announced a new initiative to use technology to help our suppliers and customers around the world reduce their own carbon footprints and a new $1 billion climate innovation fund to accelerate the global development of carbon reduction, capture and removal technologies.

AstraZeneca’s Ambition Zero Carbon’ strategy

The global Biopharmaceutical company released its ‘Ambition Zero Carbon’ roadmap at the WEF 2020. AstraZeneca has devised a plan to significantly reduce its carbon footprint, with targets verified in line with the science of climate change.

In order to achieve zero carbon by 2025, AstraZeneca will convert 100% of its energy consumption to renewable sources for both power and heat and have a 100% electric vehicle fleet.

The company will also mitigate the effects of climate change. The AZ forest– a reforestation campaign, will help to arrest the effects of climate change.

Are 10 years enough to say we will see a changed Earth?

Not quite. We may need time until 2050 to see the true effects of Zero Carbon.

But, at least we started now.

Zero Carbon 20 X 20 Initiative with Meagan Fallone – CEO Barefoot College International

Meagan Fallone is known to create a conducive platform for leaders to talk about the future. She is at WEF 2020 to speak about sustaining future with Zero Carbon initiatives, apart from joining the panel of speakers discussing gender parity.

meagan-fallone-presenting-barefoot-college

Formula 1 Joins Climate Action Framework

Beyond ICT, Software and Heavy Industries, we have the motorsport industry also signing an accord to reverse climate change and achieve zero carbon emissions. In November 2019, FIA had announced their initiative to achieve a net-zero carbon footprint by 2030.

At the time of this announcement, Chase Carey, Chairman, and CEO of Formula 1 said –

“Last year Formula 1 launched its first-ever sustainability strategy recognizing the important role that we must play in tackling climate change. The actions we will take in the years ahead will reduce our carbon footprint and ensure we are net zero carbon by 2030.”

Jean Todt, President of the Fédération Internationale de l’Automobile (FIA) said –

“As an international Federation comprising 244 members in 140 countries and the leader in motorsport and mobility development, we are fully committed to global environmental protection. From the introduction of the hybrid power unit in F1 to the creation of the Environment and Sustainability Commission, the entire FIA community has been investing time, energy and financial resources to the benefit of environmental innovations. We aim to inspire greater awareness and best practice in sustainability motorsport standards.”

“In launching F1’s first-ever sustainability strategy, we recognise the critical role that all organisations must play in tackling this global issue.” Chase Carey, Chairman and CEO, Formula 1

2020 is Point of No Return for Climate Change

If we fail now, we would fail the entire Earth and its dwellers. Elite leaders are debating how countries like India, China, and other developing economies could also ‘Go Green’ with their decarbonizing initiatives.

A zero-carbon economy is attainable by 2050, says Adair Turner of the Institute for New Economic Thinking.

When It Comes to the Energy Consumption of Cloud Computing, the Solution Lies with Using More Sustainable Energy Sources

With news that Microsoft has announced plans to go carbon negative by 2030, Cudo Ventures Partnership Director Pete Hill shared his thoughts on how ambitious Microsoft’s targets are.

Pete said, “It’s great to see a technology giant like Microsoft is announcing plans to go carbon negative by 2030. With the current ICT ecosystem producing CO2 emissions on par with the commercial aviation industry, its time that companies seriously started to rethink their green credentials.”

Pete added, “With Microsoft expanding its Cloud service offering, it will be interesting to see how they will offset the emissions produced by data centers, as electricity usage of these data centers is expected to reach 8% of projected global demand. When it comes to the energy consumption of Cloud Computing, the solution lies with using more sustainable energy sources. However, the real damage is done even before our gadgets and tech are even in our hands, with 53% of the world’s carbon emissions produced from the extraction of raw materials.

“Instead of building new hardware, to supply to the demand that contributes to the ICT ecosystems carbon footprint from the extraction of raw materials, Cudo utilizes this hardware and computing power that technology users and data centers aren’t taking advantage of.”

(To share your insights on WEF 2020 news and technology updates, please write to us at news@martechseries.com)

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