Scheller Business Insights is a dynamic video series that highlights the innovative thought leadership of the esteemed faculty at the Georgia Tech Scheller College of Business. At Scheller, we are committed to exploring ideas that educate and inform others about the profound impact of business on our lives and the world.
In this episode, Beril Toktay, Regents' Professor and faculty director of the Ray C. Anderson Center for Sustainable Business, defines net zero and discusses some ways to alleviate climate change by reducing carbon emissions to the point of net zero emissions.
Globally, most major polluters, such as China, the U.S., India, and the EU, are among over 140 nations with net-zero goals, which encompasses roughly 88 percent of global emissions. Meeting the Paris Agreement's 1.5°C climate threshold requires 45 percent emissions cut by 2030 and net-zero emissions by 2050 (United Nations Climate Action).
Toktay describes ways this can be accomplished in different business sectors. For example, in the energy sectors, this means moving from fossil fuels to renewable technologies, and in the transportation sector, moving to electrification and innovative battery technologies as well as developing the infrastructure to support these initiatives. These efforts help move businesses towards achieving net zero as well as providing cleaner air and water, and better health outcomes to the global population.
Listen as Toktay discusses what net zero means, the importance of getting to net zero, and how businesses can help reduce carbon emissions.
