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ARTICLE · 23 FEBRUARY 2022

Market Intelligence Thought Leadership Award Winner

Analysing Actions By India And Other Countries Towards Achieving Climate Neutrality

The word Carbon Neutral was first coined in the year 2006 and is defined as accomplishing net zero emission by balancing the volume of carbon emitted by anthropogenic activities with the volume of carbon captivated...

GlobalEnvironment

INTRODUCTION

The word Carbon Neutral was first coined in the year 20061 and is defined as accomplishing net zero emission by balancing the volume of carbon emitted by anthropogenic activities with the volume of carbon captivated by the atmosphere. In simple words, emissions added into the atmosphere will be balanced out by absorbing an equivalent amount.  The roots of carbon neutrality can be traced back to the Paris Agreement2 which aims at limiting global temperature up to 1.5°C by 2050.  Shortly, the Inter-Governmental Panel on Climate Change published a report3 stating the target of 1.5°C is possible if dedicated and strong commitments are adopted by countries to reduce per capita emissions. According to latest data on nationally determined contributions, United Kingdom (UK), European Union (EU), Australia accompanied by United States (US) presented most ambitious goal in emission reduction by 2030.4 The year 2021 witnessed CoP 26, the most significant climate

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