The Net Zero concept refers to realizing a total balance between the greenhouse gas emissions produced and emissions removed from the atmosphere. We achieve net zero when the amount of emissions we add is no more than the amount we take away.
A common example often used to describe the Net Zero concept is the 'bath-with-the-taps-on' principle. If we think about it like a bath; turn on the taps and we add more water and pull out the plug and water is drained.
Thus, the volume of water in the bath depends on both input from the taps and output through the plughole. To maintain the volume of water in the bath at the same level, there is need to ensure that the input and output are balanced.
Partner and Head | Sustainability and Climate Change, PwC Nigeria
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