The 'Net-Zero' trend | Moral Money

Over the past few years, 'net-zero' pledges have been made globally, committing organizations to produce no more greenhouse gases than they are emitting. Setting net-zero targets have become a key tool to fight climate change and stakeholders are looking to companies to set theirs

#moralmoney #ESG

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[julianconnor]

*Great video, what growth stocks or crypto can I buy amid sell-off? i'm a newbie looking to secure passive income with digital assets (crypto) I've over 60k to begin with*

[jesseberdowski]

I love FT because amidst of all this divisiveness they keep it impartial and fair! said the 20 year old environmental studies student while trying to impress their tinder date

[wolfiestreet]

Morality justifies violence.

It's a big, big mistake to bring emotions and morality into question on this issue.

[cooldude]

Carbon negative and plastic free earth 🌍. We can do it, only if we give up our greed..

[jimcoyle]

The transcript is very inaccurate. I've rewritten it for a lesson I'm doing if anyone needs it.

What does a trend-setting CEO need today? Once, the answers were things like “a flashy business strategy”, “MBA”, “fat pay check”, “golf handicap” “corporate jet”. Today though, there is something else: a “net zero” commitment, that sounds credible to most people (if not Greta Thunberg).
“What’s that?” you might ask. Well a company, or country or individual should not emit any more carbon emissions into the atmosphere than they are removing. That’s the basic idea.
Lots of companies and countries are setting these now. Some, like China, have pledged to hit net zero at a time when most of us will already be dead (which is 2060.) The EU, UK and Japan are aiming for 2050, while Microsoft and Apple are looking to 2030.
Either way, setting net zero targets has become a key tool to fight climate change, and a crucial example of how ESG works in practice.

So why does this matter? Well, imagine our environment being like a bath tub that is about to overflow. As we put carbon emissions into the atmosphere, we add to climate change, which could be irreversible if the level of global warming exceeds 2 degrees, or so. Scientists know roughly how much carbon will start that irreversible process - just as we can tell when a bathtub will overflow if the tap keeps running. There are basically two ways to combat that process: slow or stop the taps (i.e stop adding carbon) or pull the plug (find a way to take carbon out.)
Now tech wizards like Elon Musk and Bill Gates are pouring gazillions of dollars into the second activity - and maybe they will find that magic wand. Who knows? But we need to slow the carbon flow now. Hence the net zero trend.
Is this good enough? Well, Greta Thunberg would say “no!”. And maybe the truth is somewhere between Greta and Elon. But remember, when Greta first started talking about a “carbon budget”, golf-playing executives scoffed. Today, even elderly CEOs are finding their inner Greta; or at least making the right noises. So if nothing else, that shows that the world can sometimes change in surprising ways, within the ESG complex. And the question is: how much more will society change in the coming years around that “E”, or environmental issues? After COVID, it seems that nothing can entirely be ruled out.

[MrJChristianz]

Most of us will be dead by 2060?? Care to cite your sources on that one FT I'm not sure what extinction event your referring to

[marissajohnson]

Success is dependent on the action you take to achieve it. Show me a successful man who doesn't have an investment and I will tell you how soon he will go broke.