innovation for net zero
why innovation for net zero?
To meet the net zero target, unprecedented innovation will be required across the economy. Innovation will not only include inventing new technologies, but also new ways of deploying existing technologies. There will also be the need to create novel consumer offerings, new business models, and most importantly, new policy, regulation and market design.
Companies that align their business strategies with climate science are best- placed to thrive as the global economy transitions to a net zero future by 2050. Companies should begin a transition towards a business model that continues to be viable in a net zero economy.
In addition to demonstrating moral leadership, implementing net zero related measures catalyses competitive advantages by driving innovation, boosting brand reputation, enhancing investor confidence and increasing resilience to future regulatory changes.
Transformative targets such as net-zero emissions can spark opportunities for innovation within an organization, release creative thinking and enable employees to challenge the status quo.
net zero and sensitive intervention points (sips)
Global climate systems which include the carbon cycle as well as interactions involving the biosphere, lithosphere, hydrosphere, and atmosphere plus the effect of human activity on the global climate system, are complex systems.
Complex systems are made up of agents or elements that interact with each other and their environment in ways that may often be described in terms of relatively simple rules. Through the mechanisms of feedback and sensitivity to initial conditions (chaos), these interactions generally often lead to self-organisation at a micro level of a system and emergence of new patterns at a macro system level. Once patterns emerge at a macro level of the system, these may in turn provide positive or negative feedback that could influence agent behaviours at a micro system level.
Self-organization, positive feedback, chaos and emergence (the existence or formation of collective behaviours) are complex systems ideas that can provide a conceptual foundation for understanding climate systems and how human impact on the global environment is contributing to climate change.
Global warming and their associated impacts represent a complex systems problem, which cannot be understood independently of their socioeconomic, political, and cultural contexts or without an appreciation of the broad heterogeneity of agents, communities, and environments that comprise them.
Physical science has demonstrated how complex systems can cross critical thresholds also known as “tipping points.” such that a relatively small change can trigger a larger change that becomes irreversible.
Sensitive intervention points (SIPs) which include kicks or shifts demonstrate how initial changes in a system can be amplified through feedback effects, which can then deliver outsized impact.
why are sensitive intervention points (sips) important?
Sensitive intervention points are crucial in the transition to net zero. A kick to the current state of the global climate system, can move it onto a new trajectory without any change in the underlying system dynamics. In fact, a small kick can be effective when the system is chaotic or when it is near a critical point. The transition to renewables is a good example of a SIP, while it has so far only made a small reduction in emissions, it has the potential to accelerate decarbonization.
On the other hand, a shift in the underlying system dynamics, which changes the rules of the system can alter its trajectories substantially. For example in the socioeconomic-political sphere, a shift may require a change in key concepts and institutions. The power of a small group of influencers where a committed minority with unwavering opinions can have an outsized effect on others whose opinions are undecided is another example of a SIP. Two movements in particular, Fridays for Future and Extinction Rebellion which have received much attention in the global media, have shown capabilities of causing regime shift and shaping policies as they prompt global policy makers to action as regards reducing the rate of CO2 emissions globally.
ggr removal technologies
There are various types of Greenhouse Gas Removal (GGR) technologies which recapture already emitted greenhouse gases from the atmosphere and ocean.
Nature-based Solutions (NBS) work with and enhance nature to help achieve Green House Gas Removal. These solutions prevent climate change impacts while slowing further warming.
The Need for Collaboration
Innovation depends on collaboration, often between unlikely partners, and it often involves the adaptation and application of technologies from other industries.
Business for Net Zero
This page provides resources for businesses seeking to develop their own net zero business plans and to contribute to the wider effort to mitigate the climate crisis by identifying the solutions, risks and opportunities for achieving net zero in each sector.
Jera has announced its net zero carbon emissions goal and published a roadmap on how it aims to achieve this target in Japan. Japan’s largest power producer says it will reach the goal through a combination of renewable energy, ... Read more
The Kerry Group has unveiled a new sustainability strategy including a commitment to achieve net zero greenhouse emissions before 2050. As part of its Beyond the Horizon strategy, the Irish conglomerate has outlined sustainability targets that ... Read more
The Innovation Center for US Dairy has unveiled the “Net Zero Initiative,” an industry-wide effort that will help US dairy farms of all sizes and geographies implement new technologies and adopt economically viable practices. The initiative is a Read more
See more news and events