Net zero schemes of big polluters Reality less rhetoric more

As are becoming climate crisis effect is more obvious, people around the world, with women and young people, these effects are demanding action against. But in response, the world’s major polluters and governments are touting their “Net Zero Emissions” plan as a solution to the environmental crisis they are causing, which is basically just a hoax and a way to evade action.

It provided the result is entitled to a report in The Big Con: How Big Polutrs R Advancing a “net zero” climate agenda to delay, deceive and Dinai, “(” a big fraud: major polluters cheat how to delay and refuse for a “net zero” climate action plan ,”). This recently released report makes clear that the promise of “net zero emissions” of major polluters is merely a distraction from real action and responsibility for the climate crisis. It is part of their ongoing plan to avoid and keep pollution free.

As such, governments should stop believing and reinforcing this dangerous plan, the report says , and instead commit to taking real action to achieve the emissions reductions needed by 2030 , and stop large polluters from their deceit. should be held responsible for.

Amid virtual discussions of the United Nations Climate Treaty , this new report highlights that as new “Net Zero” plans are introduced , scientific , academic and workers Communities have expressed serious concern about the inability of these plans to meet the commitments of the Paris Agreement and to keep global temperature rise below 1.5 °C.

Corporate Accountability , The Global Forest Coalition and Friends of the Earth International The report , authored by , received endorsements from over sixty environmental organizations including ActionAid International , Oilwatch , Third World Network and the Institute for Policy Studies.

Recent reports uncovering the dubious arithmetic , vague goals and often unattainable technological aspirations of ” The Big Con” in “Net Zero” plans a series of It includes analysis of plans for several major polluting industries , including fossil fuels and energy , aviation , technology , retail , finance and agriculture. It also includes taking an in-depth look at some of the strategies these industries have deployed to ensure that their “Net Zero” agenda becomes a primary tenet of the global response to the climate crisis.

Some of the key findings highlighted in the report include:

Strategy:

· Major pollutants, including aviation and fossil fuel industries that are helping to ensure the passage of the tax credit in the US said 45Q massive lobby (lobby), whom, that carbon capture and storage subsidies. Despite not having the right systems in place to qualify , those same corporations may have made millions from credit.

· The International Emissions Trading Association , perhaps the largest global lobbyist on the market and offset (both pillars of polluters’ “Net Zero” climate plans”), has used the force of its large figure in international climate negotiations to advance its agenda ahead of others. it used.

· Corporations have made huge financial contributions to well-known academic institutions including the Massachusetts Institute for Technology , Princeton University , Stanford University and Imperial College London to shape and influence the type of “Net Zero” related research that these institutions conduct. Can go

· In one instance , Exxon Mobil retained the authority to formally review research before it was completed, and in some cases employed its own staff on project development teams at Stanford’s Global Climate and Energy Project.

Schemes:

· 2030 As of 2019 , shale alone is expected to compensate for its emissions every year. In the U.S., the entire global voluntary carbon offset market is planning to purchase more offsets than is available at capacity.

· Walmart’s climate plan completely ignores unpay value chain emissions , which are responsible for an estimated 95 percent of a corporation’s carbon footprint .

· Eni plans to increase its oil and gas production in the coming years , a feat that the corporation proposes to offset through afforestation plans that have been described as fake forests.

· The world’s largest asset manager , BlackRock , has promised to reach “net zero” emissions in its portfolio by 2050 . But despite a pledge to sell most of its fossil fuel stocks in 2020 “in the near future” , it still owns US$85 billion (billions) of coal assets due to loopholes in its policy .

· 2035 to arguably to reduce their emissions to eliminate deforestation in its supply chain means the commitment of JBS that it eliminate deforestation from their supply chain immediately – JBS most effective and fastest for the next 14 years, rather than one of the ways – (2035) will continue to contribute to deforestation.

Climate Justice and Energy Program Coordinator, Friends of the Earth International , Sarah Shou , says, ” This report shows that the ‘ Net Zero ‘ plans of major polluters are nothing more than a blatant hoax. The truth is that companies like Shell have little interest in reducing their emissions from fossil fuels.” No. Instead they are trying to improve their image by talking about tree plantation and offsetting schemes. We must be increasingly aware of the fact that we are falling into the trap of deceit. Net Zero obscuring the lack of action. The promise is putting us at risk. “

Further, Rachel Rose Jackson , director , climate policy and research , corporate accountability, says, ” These big players create fraudsters to ensure that the world will pin its hopes on plans that are actually more than just deception.” No. If we don’t get on the right track right away , the world will quickly turn to climate devastation.”

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