Our world has reached a point where society recognizes the planet is under stress, with energy and technology sectors at the forefront of this reckoning. Microsoft, in association with PwC, revealed the urgency of the challenges currently facing our planet, reporting that 91% of people don’t live in standard air quality-controlled areas, 60% of biodiversity has been lost since 1970, and greenhouse gases are at their highest levels in 3 million years.
To get ahead of these challenges, we must reduce carbon footprints. AI will play a crucial role in
The Net Zero Agenda
Many entities have recently announced plans to shrink their carbon footprints to “net zero” over the next few decades, commonly with a target year between 2030 and 2050. According to myclimate, “Net zero emission means that all man-made greenhouse gas emissions must be removed from the atmosphere through reduction measures, thus reducing the Earth’s net climate balance, after removal via natural and artificial sink, to zero. This way humankind would be carbon neutral and global temperature would stabilize.”
Strategies around this initiative have been paramount to the energy industry’s present and future operational plans. Some major oil and gas companies have even revealed ambitious blueprints, budgets and organizational transitions to do their part in reducing emissions and turning the climate change tide.
Source: Forbes