illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: Net zero refers to a balanced state where the amount of emissions released into the atmosphere is offset by an equal amount of emissions removal
• This concept is pivotal in discussions about climate change, aiming to stabilize global warming by balancing emitted and removed greenhouse gases.

🔭 The context: The term encompasses both natural and technological methods for carbon removal, including forests and peatlands as natural sinks, and emphasizes the need for large-scale deployment of carbon removal technologies
• There's a distinction between net-zero CO2 emissions and net-zero greenhouse gas emissions, highlighting the importance of addressing all types of emissions to meet the Paris Agreement goals

🌍 Why it matters for the planet: Achieving net zero is crucial for limiting global warming to 1.5°C. With over 158 countries, 265 cities, and 1,058 companies setting net-zero targets, the concept represents a collective effort to mitigate climate change impacts, offering hope for a sustainable future

⏭️ What's next: The journey to net zero involves reducing emissions across all sectors and enhancing natural and technological carbon sinks
• Achieving net-zero CO2 emissions by around 2055 and net-zero greenhouse gas emissions between 2061 and 2084 are critical milestones for stabilizing global warming

💬 One quote: "It is essential to recognize that when the Inter-Governmental Panel on Climate Change discusses net zero for CO2 emissions, it highlights the need to reduce non-CO2 gases as well." - Inter-Governmental Panel on Climate Change

📈 One stat: Peatlands cover only 3% of the Earth's land but can store twice as much carbon as all the world's forests combined.

Click for more news covering the latest on climate change