In survival theory, there is a rule of threes.
ICRA Head (Research and Outreach) Rohit Ahuja said that these sectors together emit 90 per cent of carbon dioxide as per 2019 data of the International Energy Agency.
Less than 2% of new vehicles sold in Australia are electric, and the transport sector is a major reason why Australia, on a per capita basis, is one of the world’s worst greenhouse gas emitters.
Emissions and sequestration of carbon need to be balanced to sustain ecosystem functions and maintain the environmental conditions.
The company has linked this target with financial penalty for non-achievement under its recent issuance of US Dollar denominated Bond to international investors.
The method can effectively help in reducing levels of atmospheric carbon dioxide levels which is a major climate change concern.
Chinese President Xi Jinping had announced that the country will strive to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060.
The news came as the United Nations climate office warned that the world remains off target for meeting its goal of cutting emissions as part of international efforts to curb global warming.
The Climate Pledge, a grouping of companies and organizations spearheaded by Amazon, said Monday that it has signed up 86 new members for its voluntary measures.
An unbroken cascade of deadly, unprecedented weather disasters -- bulked up by global warming -- has swept across three continents since mid-June. What lies ahead?