GREEN FLAG FOR A CLEAN SUPPLY CHAIN

The National Logistics Policy is another step towards a carbon neutral future, helping as it does to modernise  the supply chain for manufacturing industries. An in depth look at India’s  march towards its Net Zero goal

- Urvi Shrivastav

SINCE THE COP26 (Conference of the Parties on climate change) conference in Glasgow in the fall of 2021, Net Zero has emerged from a distant dream to save the planet, to a measurable target for nations across the globe. While the developed world, primarily the United States and Europe, hope to achieve their Net Zero targets by 2050, China has committed to doing so by 2060. Prime Minister Narendra Modi set 2070 as India’s timeline for being completely carbon neutral.

Even as developing nations struggle to match their industrialising goals with their Net Zero targets, some countries like Bhutan and Suriname have achieved carbon neutrality.

As a matter of fact, these nations are now carbon negative, implying that they remove more carbon from the atmosphere than they produce through their industries. Today, 33 countries and the European Union have announced goals of becoming carbon neutral at some point or the other.

In addition to the global commitments made by governments, over 450 banks, pension funds, insurance bodies, and other firms, have agreed to use their own funds to strive to achieve carbon neutrality in their business. According to the Net Zero Tracker of the Energy and Climate Intelligence Unit, five more countries had approved legislation till January 2021 to achieve their Net Zero goals, namely Sweden, France, Denmark, New Zealand, and Hungary. All these European nations aspire to be carbon neutral by 2050, except Sweden, which has given itself a five year lead over the rest of Europe, by hoping to turn Net Zero by 2045.